Fort Washington Investment Advisors Inc. OH boosted its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 55.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,601 shares of the transportation company’s stock after purchasing an additional 178,000 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.97% of SkyWest worth $22,306,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA bought a new position in shares of SkyWest in the 3rd quarter valued at about $150,000. Tower Research Capital LLC TRC grew its position in shares of SkyWest by 924.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 2,451 shares during the period. Paloma Partners Management Co bought a new position in shares of SkyWest in the 3rd quarter valued at about $204,000. Everence Capital Management Inc. bought a new position in shares of SkyWest in the 3rd quarter valued at about $209,000. Finally, Ifrah Financial Services Inc. bought a new position in shares of SkyWest in the 3rd quarter valued at about $213,000. 92.28% of the stock is owned by institutional investors and hedge funds.
NASDAQ SKYW opened at $53.78 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 1.43. The stock has a market cap of $2.79 billion, a PE ratio of 10.15 and a beta of 1.69. SkyWest, Inc. has a 52-week low of $42.38 and a 52-week high of $65.80.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 31st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. The company had revenue of $803.49 million during the quarter, compared to analysts’ expectations of $789.62 million. SkyWest had a net margin of 8.70% and a return on equity of 14.87%. As a group, equities research analysts expect that SkyWest, Inc. will post 5.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 29th will be paid a $0.12 dividend. This is a boost from SkyWest’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 28th. This represents a $0.48 annualized dividend and a yield of 0.89%. SkyWest’s payout ratio is 7.55%.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of SkyWest from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Imperial Capital restated an “outperform” rating and set a $69.00 target price (up previously from $63.00) on shares of SkyWest in a research note on Monday, February 4th. Cowen restated an “outperform” rating and set a $64.00 target price (up previously from $61.00) on shares of SkyWest in a research note on Friday, February 1st. BidaskClub upgraded shares of SkyWest from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Monday, January 21st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $65.86.
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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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