EMC Capital Management Makes New $186,000 Investment in SkyWest, Inc. $SKYW

EMC Capital Management acquired a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, HoldingsChannel reports. The firm acquired 1,809 shares of the transportation company’s stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in SkyWest by 8.3% in the 1st quarter. American Century Companies Inc. now owns 1,505,919 shares of the transportation company’s stock valued at $131,572,000 after buying an additional 115,619 shares during the period. Geode Capital Management LLC boosted its position in shares of SkyWest by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,009,759 shares of the transportation company’s stock valued at $103,992,000 after acquiring an additional 19,521 shares in the last quarter. SW Investment Management LLC boosted its position in shares of SkyWest by 5.9% during the 2nd quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company’s stock valued at $92,673,000 after acquiring an additional 50,000 shares in the last quarter. Invesco Ltd. increased its stake in SkyWest by 4.0% in the first quarter. Invesco Ltd. now owns 564,732 shares of the transportation company’s stock valued at $49,341,000 after acquiring an additional 21,723 shares during the period. Finally, Nuveen LLC acquired a new position in SkyWest in the first quarter worth about $37,474,000. 81.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

SKYW has been the topic of a number of recent research reports. Raymond James Financial raised SkyWest from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, October 1st. TD Cowen boosted their price target on SkyWest from $124.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. Wall Street Zen cut SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research raised shares of SkyWest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $130.20.

SkyWest Trading Up 0.8%

Shares of SKYW opened at $93.67 on Wednesday. The stock’s fifty day simple moving average is $100.44 and its 200-day simple moving average is $105.21. The firm has a market capitalization of $3.76 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86. SkyWest, Inc. has a 12-month low of $74.70 and a 12-month high of $135.57. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.78.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.25. SkyWest had a net margin of 10.62% and a return on equity of 16.69%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $2.16 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

About SkyWest

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.