LSV Asset Management Purchases 6,858 Shares of SkyWest, Inc. $SKYW

LSV Asset Management raised its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,572 shares of the transportation company’s stock after purchasing an additional 6,858 shares during the quarter. LSV Asset Management owned 0.40% of SkyWest worth $16,157,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SKYW. Allianz Asset Management GmbH grew its holdings in shares of SkyWest by 214.5% during 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 last quarter. Owl Creek Asset Management L.P. bought a new position in SkyWest in the 2nd quarter valued at about $9,856,000. JPMorgan Chase & Co. boosted its stake in SkyWest by 60.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 214,550 shares of the transportation company’s stock valued at $22,092,000 after purchasing an additional 80,486 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in SkyWest by 40.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 255,251 shares of the transportation company’s stock worth $26,283,000 after purchasing an additional 73,374 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of SkyWest in the second quarter worth approximately $6,495,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Trading Up 0.1%

Shares of SkyWest stock opened at $104.17 on Friday. The firm has a market cap of $4.18 billion, a PE ratio of 10.06, a P/E/G ratio of 0.70 and a beta of 1.65. SkyWest, Inc. has a 1 year low of $74.70 and a 1 year high of $123.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.61. The stock has a fifty day moving average price of $101.86 and a 200-day moving average price of $104.14.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, January 29th. The transportation company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.04). SkyWest had a net margin of 10.56% and a return on equity of 16.35%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $993.12 million. During the same quarter in the previous year, the company posted $2.34 EPS. SkyWest’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In other news, Director Meredith Siegfried Madden sold 4,725 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total transaction of $503,401.50. Following the completion of the sale, the director owned 25,362 shares in the company, valued at $2,702,067.48. This trade represents a 15.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SKYW. Citigroup began coverage on SkyWest in a research report on Thursday, December 4th. They set a “neutral” rating and a $112.00 target price on the stock. Zacks Research cut SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. TD Cowen reduced their target price on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Cantor Fitzgerald set a $122.00 target price on shares of SkyWest in a report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

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.