Capstone Asset Management Co. reduced its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,512 shares of the transportation company’s stock after selling 350 shares during the period. Capstone Asset Management Co.’s holdings in SkyWest were worth $544,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Flinton Capital Management LLC raised its position in SkyWest by 3.3% in the first quarter. Flinton Capital Management LLC now owns 3,162 shares of the transportation company’s stock valued at $108,000 after buying an additional 102 shares during the period. Bank of Montreal Can increased its position in shares of SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after buying an additional 334 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of SkyWest during the first quarter valued at approximately $138,000. State of Alaska Department of Revenue increased its position in shares of SkyWest by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 5,720 shares of the transportation company’s stock valued at $195,000 after buying an additional 140 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of SkyWest during the first quarter valued at approximately $202,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of SkyWest, Inc. (NASDAQ:SKYW) opened at 34.50 on Friday. SkyWest, Inc. has a 1-year low of $25.04 and a 1-year high of $39.85. The company’s market capitalization is $1.79 billion. The company has a 50-day moving average price of $36.64 and a 200 day moving average price of $35.55.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The business had revenue of $809.76 million during the quarter, compared to analyst estimates of $790.14 million. During the same period in the prior year, the company earned $0.77 earnings per share. SkyWest’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that SkyWest, Inc. will post $3.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, September 28th. SkyWest’s dividend payout ratio (DPR) is -11.31%.
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SKYW has been the subject of several research analyst reports. Zacks Investment Research upgraded 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 upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG lifted their target price on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $41.67.
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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