SkyWest, Inc. (NASDAQ:SKYW) Stake Raised by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,618 shares of the transportation company’s stock after acquiring an additional 3,172 shares during the period. Anchor Capital Advisors LLC’s holdings in SkyWest were worth $1,389,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SKYW. Harvest Fund Management Co. Ltd lifted its stake in SkyWest by 173.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,809 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 2,417 shares in the last quarter. GAMMA Investing LLC bought a new position in SkyWest during the fourth quarter valued at $29,000. Handelsbanken Fonder AB grew its position in shares of SkyWest by 16.7% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the transportation company’s stock worth $292,000 after buying an additional 800 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SkyWest during the fourth quarter worth about $60,000. Finally, Mackenzie Financial Corp raised its holdings in shares of SkyWest by 6.4% during the 4th quarter. Mackenzie Financial Corp now owns 12,002 shares of the transportation company’s stock worth $627,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the director now owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.

SkyWest Trading Down 1.8 %

Shares of NASDAQ SKYW traded down $1.37 during midday trading on Tuesday, reaching $73.62. 106,676 shares of the stock were exchanged, compared to its average volume of 479,295. The company has a 50 day simple moving average of $67.34 and a 200 day simple moving average of $55.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $2.97 billion, a P/E ratio of 27.07 and a beta of 1.95. SkyWest, Inc. has a twelve month low of $25.79 and a twelve month high of $79.21.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.24 by $0.21. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $800.07 million. During the same quarter in the previous year, the business earned ($0.45) EPS. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, equities analysts expect that SkyWest, Inc. will post 6.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. TD Cowen upgraded SkyWest from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $68.00 in a research note on Monday, February 5th. TheStreet raised SkyWest from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Evercore ISI increased their target price on SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Finally, Raymond James lifted their target price on SkyWest from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, SkyWest currently has an average rating of “Moderate Buy” and a consensus price target of $62.25.

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.