Highland Capital Management LLC bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,623 shares of the transportation company’s stock, valued at approximately $223,000.
Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised 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 during the last quarter. American Century Companies Inc. raised its position in SkyWest by 16.8% in 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 buying an additional 165,670 shares during the last quarter. SW Investment Management LLC raised its position in SkyWest by 13.2% in the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock valued at $49,242,000 after buying an additional 70,000 shares during the last quarter. Victory Capital Management Inc. raised its position in SkyWest by 90.2% in the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after buying an additional 261,349 shares during the last quarter. Finally, Millennium Management LLC raised its position in SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock valued at $36,602,000 after buying an additional 96,830 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.
SkyWest Trading Up 1.3 %
NASDAQ SKYW opened at $94.01 on Monday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 33.94 and a beta of 1.95. The business has a fifty day simple moving average of $82.60 and a 200 day simple moving average of $78.86. SkyWest, Inc. has a 12 month low of $37.21 and a 12 month high of $96.82. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.
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.
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