Scientech Research LLC Acquires New Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Scientech Research LLC acquired a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,067 shares of the transportation company’s stock, valued at approximately $334,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kings Path Partners LLC purchased a new stake in SkyWest in the second quarter valued at about $42,000. Transcendent Capital Group LLC acquired a new stake in SkyWest in the fourth quarter worth about $52,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SkyWest in the second quarter worth about $54,000. CWM LLC boosted its holdings in SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after acquiring an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Trading Up 0.9 %

SkyWest stock opened at $85.02 on Tuesday. 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 52 week low of $36.91 and a 52 week high of $87.86. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 30.69 and a beta of 1.95. The stock has a 50-day moving average price of $76.93 and a 200 day moving average price of $75.82.

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

Wall Street Analyst Weigh In

Separately, TD Cowen raised their price target on SkyWest from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.67.

About SkyWest

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.