UBS Group AG Has $10.71 Million Position in SkyWest, Inc. $SKYW

UBS Group AG reduced its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 29.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,624 shares of the transportation company’s stock after selling 45,026 shares during the period. UBS Group AG’s holdings in SkyWest were worth $10,706,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SKYW. Allianz Asset Management GmbH lifted its holdings in SkyWest by 214.5% in the third quarter. Allianz Asset Management GmbH now owns 251,760 shares of the transportation company’s stock valued at $25,332,000 after buying an additional 171,704 shares during the period. Millennium Management LLC lifted its holdings in SkyWest by 90.6% in the third quarter. Millennium Management LLC now owns 351,149 shares of the transportation company’s stock valued at $35,333,000 after buying an additional 166,926 shares during the period. Vanguard Group Inc. lifted its holdings in SkyWest by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 4,966,485 shares of the transportation company’s stock valued at $498,685,000 after buying an additional 152,863 shares during the period. Owl Creek Asset Management L.P. acquired a new position in SkyWest in the second quarter valued at approximately $9,856,000. Finally, JPMorgan Chase & Co. lifted its holdings in SkyWest by 39.0% in the third quarter. JPMorgan Chase & Co. now owns 298,255 shares of the transportation company’s stock valued at $30,011,000 after buying an additional 83,705 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SkyWest

In related news, insider Wade J. Steel sold 20,629 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total transaction of $2,197,607.37. Following the sale, the insider directly owned 77,438 shares in the company, valued at $8,249,470.14. This trade represents a 21.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

SkyWest Trading Down 2.9%

SKYW opened at $81.25 on Friday. The firm’s fifty day moving average is $90.41 and its two-hundred day moving average is $97.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. The firm has a market cap of $3.22 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48. SkyWest, Inc. has a twelve month low of $80.00 and a twelve month high of $123.94.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $993.06 million. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. Equities research analysts anticipate that SkyWest, Inc. will post 10.69 EPS for the current year.

Wall Street Analyst Weigh In

SKYW has been the topic of several analyst reports. Cantor Fitzgerald set a $122.00 price objective on shares of SkyWest in a report on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SkyWest in a report on Thursday, January 22nd. Citigroup cut their target price on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, TD Cowen cut their target price on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SkyWest currently has an average rating of “Moderate Buy” and a consensus target price of $117.00.

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.