Public Sector Pension investment Board Has $939,000 Holdings in SkyWest, Inc. (SKYW)
Public Sector Pension investment Board trimmed its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 27.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,757 shares of the transportation company’s stock after selling 10,100 shares during the period. Public Sector Pension investment Board owned about 0.05% of SkyWest worth $939,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SKYW. Bank of Montreal Can boosted its holdings in shares of SkyWest by 10.0% during the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock worth $126,000 after purchasing an additional 334 shares during the period. BNP Paribas Arbitrage SA increased its holdings in SkyWest by 1.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,937 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 145 shares during the period. UBS Asset Management Americas Inc. increased its holdings in SkyWest by 23.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 8,265 shares of the transportation company’s stock valued at $283,000 after purchasing an additional 1,550 shares during the period. State of Tennessee Treasury Department increased its holdings in SkyWest by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 48,126 shares of the transportation company’s stock valued at $1,648,000 after purchasing an additional 7,263 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new position in SkyWest during the 1st quarter valued at about $138,000. 89.39% of the stock is owned by hedge funds and other institutional investors.
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Several equities research analysts have weighed in on the company. BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and issued a $44.00 price target (up previously from $40.00) on shares of SkyWest in a research note on Monday, August 7th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 29th. Finally, Zacks Investment Research cut shares of SkyWest from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.17.
SkyWest, Inc. (SKYW) opened at 45.20 on Tuesday. SkyWest, Inc. has a 52 week low of $27.45 and a 52 week high of $45.50. The company’s market capitalization is $2.34 billion. The company has a 50 day moving average of $37.94 and a 200 day moving average of $36.18.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million for the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. SkyWest’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. On average, equities analysts forecast that SkyWest, Inc. will post $3.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 28th. SkyWest’s dividend payout ratio is -11.31%.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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