American International Group Inc. boosted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,325 shares of the transportation company’s stock after buying an additional 2,190 shares during the quarter. American International Group Inc. owned approximately 0.08% of SkyWest worth $1,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank grew its position in SkyWest by 1.6% during the second quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock valued at $243,000 after buying an additional 110 shares during the period. SG Americas Securities LLC grew its position in SkyWest by 1.5% during the second quarter. SG Americas Securities LLC now owns 9,262 shares of the transportation company’s stock valued at $325,000 after buying an additional 133 shares during the period. Stifel Financial Corp grew its position in SkyWest by 1.2% during the second quarter. Stifel Financial Corp now owns 18,898 shares of the transportation company’s stock valued at $662,000 after buying an additional 224 shares during the period. Texas Permanent School Fund grew its position in SkyWest by 0.6% during the second quarter. Texas Permanent School Fund now owns 37,774 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 236 shares during the period. Finally, Suntrust Banks Inc. grew its position in SkyWest by 3.5% during the second quarter. Suntrust Banks Inc. now owns 8,419 shares of the transportation company’s stock valued at $295,000 after buying an additional 286 shares during the period. Institutional investors own 90.81% of the company’s stock.

Several research firms recently weighed in on SKYW. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, November 22nd. Imperial Capital increased their price target on shares of SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research report on Tuesday, October 31st. Cowen increased their price target on shares of SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Deutsche Bank increased their price target on shares of SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. SkyWest presently has a consensus rating of “Buy” and an average target price of $50.60.

In other SkyWest news, Director Jerry C. Atkin sold 110,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.10, for a total transaction of $5,291,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wade J. Steel sold 4,500 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.00, for a total transaction of $211,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,239 shares of company stock worth $7,512,577. Insiders own 3.50% of the company’s stock.

Shares of SkyWest, Inc. (SKYW) opened at $52.95 on Wednesday. The company has a market cap of $2,721.73, a PE ratio of 16.67 and a beta of 1.77. SkyWest, Inc. has a fifty-two week low of $30.40 and a fifty-two week high of $54.17. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 1.61.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $831.93 million for the quarter, compared to the consensus estimate of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. equities research analysts anticipate that SkyWest, Inc. will post 3.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, December 28th. SkyWest’s dividend payout ratio (DPR) is presently -12.26%.

TRADEMARK VIOLATION NOTICE: This report was reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/12/13/american-international-group-inc-boosts-position-in-skywest-inc-skyw.html.

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.

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.