New York State Common Retirement Fund cut its position in SkyWest, Inc. (NASDAQ:SKYW) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,251 shares of the transportation company’s stock after selling 48,635 shares during the period. New York State Common Retirement Fund owned 0.62% of SkyWest worth $11,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SKYW. Oppenheimer Asset Management Inc. boosted its stake in SkyWest by 108.5% during the second 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. Bank of Montreal Can boosted its stake in SkyWest by 10.0% during the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock worth $126,000 after buying an additional 334 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in SkyWest during the first quarter worth $138,000. Riverhead Capital Management LLC boosted its stake in SkyWest by 81.0% during the second 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. Finally, Laurion Capital Management LP acquired a new position in SkyWest during the first quarter worth $202,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

SKYW has been the topic of a number of recent research reports. ValuEngine lowered SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 4th. BidaskClub lowered SkyWest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, September 20th. Finally, Cowen and Company boosted their price objective on SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.17.

SkyWest, Inc. (SKYW) opened at 46.10 on Friday. The firm’s market cap is $2.39 billion. The stock has a 50 day moving average price of $39.15 and a 200 day moving average price of $36.48. SkyWest, Inc. has a 52 week low of $27.95 and a 52 week high of $47.60.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $790.14 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that SkyWest, Inc. will post $3.25 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, September 28th. SkyWest’s dividend payout ratio (DPR) is -11.31%.

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SkyWest Company Profile

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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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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