Janney Montgomery Scott LLC Increases Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Janney Montgomery Scott LLC boosted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 20,249 shares of the transportation company’s stock after buying an additional 516 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SkyWest were worth $1,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. raised its position in SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 342 shares during the period. Kings Path Partners LLC acquired a new position in SkyWest in the second quarter valued at about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SkyWest in the second quarter valued at about $54,000. CWM LLC lifted its position in SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after buying an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after buying an additional 292 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Down 0.3 %

Shares of NASDAQ:SKYW opened at $111.97 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market capitalization of $4.52 billion, a PE ratio of 19.14 and a beta of 1.93. The firm’s 50-day moving average is $90.28 and its two-hundred day moving average is $82.06. SkyWest, Inc. has a 1 year low of $43.72 and a 1 year high of $116.47.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The company had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Analysts predict that SkyWest, Inc. will post 7.16 EPS for the current year.

Insiders Place Their Bets

In other SkyWest news, CAO Eric Woodward sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares in the company, valued at $4,954,831.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ronald J. Mittelstaedt sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the sale, the director now directly owns 11,283 shares in the company, valued at approximately $1,264,372.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now owns 44,426 shares in the company, valued at $4,954,831.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,467 shares of company stock worth $10,082,596 over the last three months. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SKYW. TD Cowen increased their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Raymond James lifted their price objective on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.33.

SkyWest 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.