Intech Investment Management LLC Increases Holdings in SkyWest, Inc. $SKYW

Intech Investment Management LLC increased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 35.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,138 shares of the transportation company’s stock after purchasing an additional 15,069 shares during the quarter. Intech Investment Management LLC owned about 0.14% of SkyWest worth $5,838,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Severin Investments LLC grew its position in shares of SkyWest by 8.5% in the fourth quarter. Severin Investments LLC now owns 3,954 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 310 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in SkyWest by 2,144.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 44,809 shares of the transportation company’s stock valued at $4,499,000 after buying an additional 42,813 shares during the period. Jefferies Financial Group Inc. bought a new stake in SkyWest during the fourth quarter valued at $222,000. Legato Capital Management LLC boosted its stake in SkyWest by 18.6% during the fourth quarter. Legato Capital Management LLC now owns 19,746 shares of the transportation company’s stock valued at $1,983,000 after buying an additional 3,097 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in SkyWest by 5.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,261 shares of the transportation company’s stock valued at $629,000 after buying an additional 314 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SKYW has been the subject of several research analyst reports. Citigroup dropped their price objective on SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings lowered SkyWest from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, TD Cowen dropped their price objective on SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SkyWest presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

SkyWest Stock Performance

SkyWest stock opened at $85.65 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.23 and a beta of 1.48. 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 stock’s 50 day simple moving average is $88.99 and its two-hundred day simple moving average is $96.36. SkyWest, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $123.94.

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

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.