Trade Report: The SkyWest Inc. (SKYW) Position Held by Swiss National Bank

The SkyWest Inc. (SKYW) Position Held by Swiss National Bank

Swiss National Bank maintained its stake in SkyWest Inc. (NASDAQ:SKYW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the company’s stock at the end of the second quarter. Swiss National Bank’s holdings in SkyWest were worth $564,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in SkyWest by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the company’s stock valued at $603,000 after buying an additional 200 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in SkyWest by 0.6% in the second quarter. Anchor Capital Advisors LLC now owns 42,000 shares of the company’s stock valued at $1,111,000 after buying an additional 257 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in SkyWest by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 62,800 shares of the company’s stock valued at $1,662,000 after buying an additional 700 shares during the last quarter. Royal Bank of Canada increased its stake in SkyWest by 30.2% in the first quarter. Royal Bank of Canada now owns 6,118 shares of the company’s stock valued at $122,000 after buying an additional 1,418 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in SkyWest by 3.5% in the second quarter. New York State Teachers Retirement System now owns 140,271 shares of the company’s stock valued at $3,712,000 after buying an additional 4,800 shares during the last quarter. Institutional investors own 86.16% of the company’s stock.

SkyWest Inc. (NASDAQ:SKYW) traded down 2.42% on Friday, hitting $28.20. The stock had a trading volume of 74,232 shares. The stock has a market cap of $1.45 billion, a P/E ratio of 10.17 and a beta of 1.73. The company’s 50 day moving average is $27.66 and its 200-day moving average is $25.35. SkyWest Inc. has a 12 month low of $13.23 and a 12 month high of $29.87.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. SkyWest had a return on equity of 8.47% and a net margin of 4.63%. The company had revenue of $801.34 million for the quarter, compared to analyst estimates of $764.04 million. During the same period in the prior year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts forecast that SkyWest Inc. will post $2.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, September 28th. SkyWest’s dividend payout ratio is currently 7.19%.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, August 2nd. Deutsche Bank AG raised their target price on SkyWest from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $28.40.

In other news, CFO Robert J. Simmons acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were acquired at an average cost of $27.69 per share, with a total value of $27,690.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henry J. Eyring sold 6,267 shares of the stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $11.49, for a total value of $72,007.83. Following the completion of the transaction, the director now directly owns 35,549 shares in the company, valued at $408,458.01. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

SkyWest Company Profile

Skywest, Inc is a holding company for approximately two scheduled passenger airline operations and an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and ExpressJet. SkyWest Airlines provides regional jet and turboprop service to airports located in the Midwestern and Western United States.

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