19,569 Shares in SkyWest, Inc. $SKYW Bought by The Manufacturers Life Insurance Company

Posted by Brian Himes on Sep 4th, 2026

The Manufacturers Life Insurance Company bought a new stake in SkyWest, Inc. (NASDAQ:SKYW – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 19,569 shares of the transportation company’s stock, valued at approximately $1,944,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SKYW. Algert Global LLC lifted its holdings in SkyWest by 80.5% during the 2nd quarter. Algert Global LLC now owns 27,892 shares of the transportation company’s stock worth $2,771,000 after buying an additional 12,440 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of SkyWest in the 2nd quarter valued at about $15,301,000. Vise Technologies Inc. acquired a new stake in shares of SkyWest during the 2nd quarter worth about $235,000. Denali Advisors LLC acquired a new stake in shares of SkyWest during the 2nd quarter worth about $1,653,000. Finally, Meeder Advisory Services Inc. purchased a new stake in SkyWest during the second quarter worth approximately $204,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Up 1.3%

SKYW opened at $96.24 on Friday. SkyWest, Inc. has a one year low of $77.89 and a one year high of $123.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.46 and a current ratio of 0.57. The stock has a market capitalization of $3.74 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. The business’s 50-day simple moving average is $102.32 and its 200-day simple moving average is $95.26.

SkyWest (NASDAQ:SKYW – Get Free Report) last announced its earnings results on Thursday, July 23rd. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.58%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.91 earnings per share. Analysts anticipate that SkyWest, Inc. will post 10.64 EPS for the current year.

SkyWest declared that its board has approved a share repurchase plan on Thursday, July 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group downgraded SkyWest from a “buy” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $115.00 in a report on Thursday, July 2nd. TD Cowen raised their price objective on shares of SkyWest from $115.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Weiss Ratings upgraded shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Citigroup upped their target price on shares of SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.00.

Read Our Latest Research Report on SKYW

Insider Transactions at SkyWest

In other news, insider Wade J. Steel sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $111.44, for a total transaction of $2,451,680.00. Following the transaction, the insider directly owned 55,438 shares in the company, valued at approximately $6,178,010.72. This trade represents a 28.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Greg Wooley sold 17,726 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $108.55, for a total transaction of $1,924,157.30. Following the transaction, the vice president owned 53,323 shares in the company, valued at approximately $5,788,211.65. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,226 shares of company stock worth $12,855,192 in the last three months. Corporate insiders own 1.50% of the company’s stock.

SkyWest Company Profile

(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.