SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in SkyWest, Inc. (NASDAQ:SKYW) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,495 shares of the transportation company’s stock after selling 605 shares during the period. SG Americas Securities LLC’s holdings in SkyWest were worth $212,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SKYW. Kings Path Partners LLC acquired a new stake in shares of SkyWest in the 2nd quarter worth about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SkyWest in the 2nd quarter worth about $54,000. CWM LLC increased its holdings in shares of SkyWest by 57.3% in the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after acquiring an additional 279 shares during the period. GAMMA Investing LLC increased its holdings in shares of SkyWest by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after acquiring an additional 292 shares during the period. Finally, EntryPoint Capital LLC bought a new position in SkyWest in the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW opened at $94.81 on Wednesday. The firm has a 50-day moving average price of $81.38 and a 200 day moving average price of $78.43. The firm has a market capitalization of $3.80 billion, a PE ratio of 22.36 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 52-week low of $36.91 and a 52-week high of $96.82.

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

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.