Anchor Capital Advisors LLC Raises Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Anchor Capital Advisors LLC grew its stake in SkyWest, Inc. (NASDAQ:SKYW – Get Rating) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,930 shares of the transportation company’s stock after acquiring an additional 3,628 shares during the quarter. Anchor Capital Advisors LLC owned about 0.09% of SkyWest worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG lifted its position in shares of SkyWest by 35.0% in the third quarter. UBS Group AG now owns 3,199 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 829 shares in the last quarter. Penserra Capital Management LLC lifted its position in SkyWest by 60.2% during the first quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company’s stock worth $99,000 after buying an additional 1,295 shares during the period. US Bancorp DE lifted its position in SkyWest by 39.5% during the first quarter. US Bancorp DE now owns 3,911 shares of the transportation company’s stock worth $112,000 after buying an additional 1,107 shares during the period. Allspring Global Investments Holdings LLC lifted its position in SkyWest by 152.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,354 shares of the transportation company’s stock worth $119,000 after buying an additional 4,446 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in SkyWest during the first quarter worth about $137,000. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SKYW. Raymond James upgraded SkyWest from an “underperform” rating to a “market perform” rating in a research report on Monday, April 3rd. TheStreet upgraded SkyWest from a “d+” rating to a “c-” rating in a report on Wednesday, April 19th. Finally, StockNews.com assumed coverage on SkyWest in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, SkyWest presently has a consensus rating of “Hold” and an average target price of $20.75.

SkyWest Stock Performance

NASDAQ SKYW opened at $29.14 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 44.83 and a beta of 1.88. SkyWest, Inc. has a 1-year low of $14.76 and a 1-year high of $29.31. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.09 and a quick ratio of 0.98. The business’s 50-day simple moving average is $24.02 and its 200-day simple moving average is $20.51.

SkyWest (NASDAQ:SKYW – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The transportation company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.09. The business had revenue of $691.83 million for the quarter, compared to analyst estimates of $673.84 million. SkyWest had a return on equity of 3.44% and a net margin of 1.12%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. Equities analysts predict that SkyWest, Inc. will post -1.69 EPS for the current year.

About SkyWest

(Get Rating)

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.