SkyWest, Inc. (SKYW) Shares Sold by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC reduced its position in SkyWest, Inc. (NASDAQ:SKYW) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,216 shares of the transportation company’s stock after selling 8,144 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.39% of SkyWest worth $7,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in SkyWest by 108.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after buying an additional 1,488 shares in the last quarter. Bank of Montreal Can raised its stake in shares of SkyWest by 10.0% in the 1st quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after acquiring an additional 334 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of SkyWest during the 1st quarter valued at $138,000. Riverhead Capital Management LLC lifted its holdings in shares of SkyWest by 81.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of SkyWest during the 1st quarter valued at $202,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on SKYW shares. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday. Cowen and Company raised their target price on SkyWest from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 18th. Finally, BidaskClub downgraded shares of SkyWest from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.17.
SkyWest, Inc. (NASDAQ:SKYW) opened at 46.95 on Wednesday. SkyWest, Inc. has a 1-year low of $27.45 and a 1-year high of $47.60. The firm’s market capitalization is $2.43 billion. The firm’s 50-day moving average is $38.23 and its 200-day moving average is $36.26.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The firm had revenue of $809.76 million during the quarter, compared to analysts’ expectations of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. On average, equities analysts anticipate that SkyWest, Inc. will post $3.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be paid a $0.08 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. SkyWest’s dividend payout ratio (DPR) is presently -11.31%.
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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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