SkyWest, Inc. (NASDAQ:SKYW) Stock Holdings Lowered by Clearbridge Investments LLC

Clearbridge Investments LLC cut its position in SkyWest, Inc. (NASDAQ:SKYW) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,065 shares of the transportation company’s stock after selling 39,454 shares during the quarter. Clearbridge Investments LLC’s holdings in SkyWest were worth $17,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SKYW. Pacer Advisors Inc. grew its position in SkyWest by 2.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock valued at $184,855,000 after buying an additional 51,180 shares in the last quarter. American Century Companies Inc. boosted its stake in SkyWest by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock valued at $94,510,000 after purchasing an additional 165,670 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of SkyWest by 90.2% during the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after purchasing an additional 261,349 shares during the period. Millennium Management LLC raised its stake in shares of SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock worth $36,602,000 after buying an additional 96,830 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SkyWest by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 424,239 shares of the transportation company’s stock worth $22,145,000 after buying an additional 134,066 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Trading Up 2.0 %

Shares of SKYW stock opened at $85.17 on Friday. The stock has a 50-day simple moving average of $77.08 and a 200 day simple moving average of $76.33. The stock has a market capitalization of $3.43 billion, a P/E ratio of 30.75 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. SkyWest, Inc. has a fifty-two week low of $36.91 and a fifty-two week high of $87.86.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 25th. The transportation company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. The firm had revenue of $867.10 million during the quarter, compared to analysts’ expectations of $826.56 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, sell-side analysts expect that SkyWest, Inc. will post 6.88 earnings per share for the current fiscal year.

SkyWest Company Profile

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.