Inspire Investing LLC Acquires New Shares in SkyWest, Inc. $SKYW

Inspire Investing LLC bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,258 shares of the transportation company’s stock, valued at approximately $1,677,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of SkyWest by 480.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of SkyWest by 273.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock valued at $27,000 after buying an additional 197 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in SkyWest in the 3rd quarter worth about $62,000. EverSource Wealth Advisors LLC increased its holdings in SkyWest by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after buying an additional 339 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in SkyWest in the 4th quarter worth about $83,000. Institutional investors own 81.30% of the company’s stock.

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SkyWest Price Performance

Shares of NASDAQ:SKYW opened at $99.33 on Wednesday. The firm’s 50 day moving average price is $87.83 and its 200-day moving average price is $94.99. SkyWest, Inc. has a twelve month low of $77.89 and a twelve month high of $123.94. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.94 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47.

SkyWest (NASDAQ:SKYW – Get Free Report) last announced its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $993.06 million. During the same period in the previous year, the business posted $2.42 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that SkyWest, Inc. will post 10.69 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on SKYW shares. Weiss Ratings cut shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. TD Cowen reduced their price target on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Citigroup boosted their price objective on shares of SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Check Out Our Latest Stock Report on SKYW

About SkyWest

(Free Report)

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.

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