Hanson & Doremus Investment Management lessened its stake in SkyWest, Inc. (NASDAQ:SKYW) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,099 shares of the transportation company’s stock after selling 504 shares during the period. Hanson & Doremus Investment Management’s holdings in SkyWest were worth $717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calamos Advisors LLC bought a new position in SkyWest during the 3rd quarter valued at approximately $402,000. Point72 Asset Management L.P. bought a new position in SkyWest during the 3rd quarter valued at approximately $214,000. Wakefield Asset Management LLLP raised its position in SkyWest by 2.5% during the 3rd quarter. Wakefield Asset Management LLLP now owns 8,904 shares of the transportation company’s stock valued at $511,000 after purchasing an additional 221 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in SkyWest during the 3rd quarter valued at approximately $39,000. Finally, Steward Partners Investment Advisory LLC raised its position in SkyWest by 24.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the transportation company’s stock valued at $588,000 after purchasing an additional 2,000 shares during the last quarter. 90.68% of the stock is owned by institutional investors.

SKYW has been the topic of a number of research analyst reports. ValuEngine downgraded SkyWest from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th. Stephens began coverage on SkyWest in a research note on Monday, November 4th. They issued an “overweight” rating and a $75.00 target price for the company. Finally, BidaskClub lowered SkyWest from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $68.17.

NASDAQ:SKYW traded up $0.82 during mid-day trading on Thursday, hitting $65.61. 5,546 shares of the company’s stock were exchanged, compared to its average volume of 270,506. SkyWest, Inc. has a one year low of $47.20 and a one year high of $66.04. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.84 and a quick ratio of 0.73. The business has a fifty day moving average price of $63.87 and a 200 day moving average price of $60.19. The company has a market cap of $3.23 billion, a PE ratio of 12.39 and a beta of 1.56.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.05. SkyWest had a net margin of 11.04% and a return on equity of 15.52%. The business had revenue of $760.30 million during the quarter, compared to the consensus estimate of $752.93 million. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts forecast that SkyWest, Inc. will post 6.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, December 30th. SkyWest’s payout ratio is 9.06%.

SkyWest Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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