SkyWest, Inc. (SKYW) Shares Bought by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC increased its position in SkyWest, Inc. (NASDAQ:SKYW) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,186 shares of the transportation company’s stock after buying an additional 3,005 shares during the period. Janney Montgomery Scott LLC’s holdings in SkyWest were worth $1,411,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in SKYW. BlackRock Inc. increased its position in shares of SkyWest by 49,259.4% in the first quarter. BlackRock Inc. now owns 6,176,837 shares of the transportation company’s stock worth $211,556,000 after buying an additional 6,164,323 shares in the last quarter. FMR LLC increased its position in shares of SkyWest by 170.4% in the first quarter. FMR LLC now owns 1,018,900 shares of the transportation company’s stock worth $34,897,000 after buying an additional 642,100 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of SkyWest by 3,410.0% in the second quarter. Harbour Capital Advisors LLC now owns 342,155 shares of the transportation company’s stock worth $9,748,000 after buying an additional 332,407 shares in the last quarter. Monarch Partners Asset Management LLC increased its position in shares of SkyWest by 143.5% in the first quarter. Monarch Partners Asset Management LLC now owns 492,590 shares of the transportation company’s stock worth $16,871,000 after buying an additional 290,330 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of SkyWest by 574.6% in the first quarter. Kennedy Capital Management Inc. now owns 337,277 shares of the transportation company’s stock worth $11,552,000 after buying an additional 287,277 shares in the last quarter. 90.84% of the stock is owned by institutional investors.
Shares of SkyWest, Inc. (NASDAQ SKYW) opened at 37.00 on Thursday. The company’s market capitalization is $1.91 billion. SkyWest, Inc. has a 1-year low of $25.04 and a 1-year high of $39.85. The company’s 50 day moving average is $36.55 and its 200-day moving average is $35.56.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $809.76 million during the quarter, compared to analyst estimates of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. On average, equities research analysts forecast that SkyWest, Inc. will post $3.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.86%. SkyWest’s dividend payout ratio (DPR) is presently -11.31%.
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SKYW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 2nd. ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. raised shares of SkyWest from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 13th. Deutsche Bank AG boosted their target price on shares of SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, TheStreet raised shares of SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One investment 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’s stock. The company currently has an average rating of “Buy” and an average target price of $41.00.
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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