Shell Asset Management Co. Maintains Position in SkyWest, Inc. (SKYW)

Shell Asset Management Co. maintained its stake in SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, Holdings Channel reports. The institutional investor owned 22,132 shares of the transportation company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in SkyWest were worth $777,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in SkyWest by 49,259.4% in the first quarter. BlackRock Inc. now owns 6,176,837 shares of the transportation company’s stock worth $211,556,000 after buying an additional 6,164,323 shares during the last quarter. FMR LLC boosted its stake in SkyWest by 170.4% in the first quarter. FMR LLC now owns 1,018,900 shares of the transportation company’s stock worth $34,897,000 after buying an additional 642,100 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in SkyWest by 143.5% in the first quarter. Monarch Partners Asset Management LLC now owns 492,590 shares of the transportation company’s stock worth $16,871,000 after buying an additional 290,330 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in SkyWest by 574.6% in the first quarter. Kennedy Capital Management Inc. now owns 337,277 shares of the transportation company’s stock worth $11,552,000 after buying an additional 287,277 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in SkyWest by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,788,450 shares of the transportation company’s stock worth $198,255,000 after buying an additional 198,452 shares during the last quarter. Institutional investors own 90.84% of the company’s stock.

Shares of SkyWest, Inc. (NASDAQ:SKYW) opened at 38.25 on Friday. SkyWest, Inc. has a 52-week low of $25.04 and a 52-week high of $39.85. The company’s market cap is $1.98 billion. The stock’s 50 day moving average is $36.60 and its 200 day moving average is $35.57.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that SkyWest, Inc. will post $3.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. SkyWest’s dividend payout ratio (DPR) is -11.31%.

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SKYW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, May 2nd. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. upgraded shares of SkyWest from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 13th. Deutsche Bank AG raised their target price on shares of SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, TheStreet upgraded shares of SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. SkyWest has an average rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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