Creative Planning Has $4.62 Million Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Creative Planning grew its position in SkyWest, Inc. (NASDAQ:SKYW) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,324 shares of the transportation company’s stock after buying an additional 690 shares during the period. Creative Planning’s holdings in SkyWest were worth $4,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SKYW. Kings Path Partners LLC acquired a new position in shares of SkyWest in the 2nd quarter valued at $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SkyWest in the 2nd quarter valued at $54,000. CWM LLC grew 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 valued at $63,000 after buying an additional 279 shares during the period. GAMMA Investing LLC grew 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 valued at $76,000 after buying an additional 292 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of SkyWest in the 1st quarter valued at $77,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Price Performance

Shares of SKYW stock opened at $92.81 on Friday. SkyWest, Inc. has a 12-month low of $37.21 and a 12-month high of $96.82. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 21.89 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. The firm has a fifty day moving average of $82.17 and a 200-day moving average of $78.64.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.73 by $0.09. The business had revenue of $867.10 million for 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 was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. On average, equities research analysts forecast that SkyWest, Inc. will post 6.88 earnings per share for the current 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.