Victory Capital Management Inc. Buys 14,217 Shares of SkyWest, Inc. (SKYW)
Victory Capital Management Inc. increased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 759,204 shares of the transportation company’s stock after buying an additional 14,217 shares during the period. Victory Capital Management Inc. owned approximately 1.47% of SkyWest worth $26,648,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Flinton Capital Management LLC increased its stake in shares of 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 stake 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 during the period. Ameritas Investment Partners Inc. bought a new stake in shares of SkyWest during the first quarter valued at $138,000. State of Alaska Department of Revenue increased its stake 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 during the period. Finally, Laurion Capital Management LP bought a new stake in shares of SkyWest during the first quarter valued at $202,000. Institutional investors own 89.44% of the company’s stock.
SkyWest, Inc. (NASDAQ:SKYW) opened at 35.375 on Friday. SkyWest, Inc. has a 52-week low of $25.04 and a 52-week high of $39.85. The firm’s market capitalization is $1.83 billion. The stock’s 50 day moving average price is $36.04 and its 200 day moving average price is $35.49.
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 Thomson Reuters’ consensus estimate of $0.87 by $0.08. The firm had revenue of $809.76 million during the quarter, compared to analyst estimates of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. SkyWest’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. Analysts expect that SkyWest, Inc. will post $3.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 28th. SkyWest’s dividend payout ratio is currently -11.31%.
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Several research analysts have recently issued reports on SKYW shares. BidaskClub cut SkyWest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Cowen and Company upped their price objective on SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, TheStreet raised SkyWest from a “c+” rating to a “b-” rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. SkyWest currently has a consensus rating of “Buy” and an average price target of $41.67.
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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