29,152 Shares in SkyWest, Inc. (SKYW) Acquired by ETRADE Capital Management LLC
ETRADE Capital Management LLC acquired a new position in SkyWest, Inc. (NASDAQ:SKYW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 29,152 shares of the transportation company’s stock, valued at approximately $1,280,000. ETRADE Capital Management LLC owned about 0.06% of SkyWest at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock worth $100,000 after buying an additional 1,488 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after buying an additional 1,862 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in SkyWest by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock worth $156,000 after buying an additional 419 shares during the last quarter. Pitcairn Co. acquired a new stake in SkyWest in the 3rd quarter worth about $205,000. Finally, Flinton Capital Management LLC boosted its holdings in SkyWest by 73.1% in the 2nd quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock worth $192,000 after buying an additional 2,312 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.
Several equities research analysts recently issued reports on the company. Cowen lifted their price objective on SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, November 22nd. ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 29th. Finally, Imperial Capital raised their target price on shares of SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned 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 a consensus price target of $48.33.
SkyWest, Inc. (NASDAQ:SKYW) opened at $50.80 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. SkyWest, Inc. has a 12 month low of $30.40 and a 12 month high of $51.85. The firm has a market cap of $2,592.13, a P/E ratio of 15.87 and a beta of 1.74.
SkyWest (NASDAQ:SKYW) last released its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The business had revenue of $831.93 million for the quarter, compared to analyst estimates of $817.43 million. During the same period last year, the company posted $0.90 EPS. The business’s revenue was up 4.0% on a year-over-year basis. sell-side analysts predict that SkyWest, Inc. will post 3.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 28th. SkyWest’s dividend payout ratio (DPR) is -12.26%.
In other SkyWest news, insider Wade J. Steel sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $47.00, for a total value of $211,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael B. Thompson sold 1,476 shares of SkyWest stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $51.45, for a total transaction of $75,940.20. The disclosure for this sale can be found here. Insiders sold a total of 142,164 shares of company stock worth $6,890,473 over the last three months. Corporate insiders own 3.50% of the company’s stock.
SkyWest Company 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.
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