Migdal Insurance & Financial Holdings Ltd. Takes Position in SkyWest, Inc. (NASDAQ:SKYW)

Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,135 shares of the transportation company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SKYW. Strs Ohio bought a new position in shares of SkyWest during the fourth quarter valued at $36,000. UBS Group AG lifted its holdings in shares of SkyWest by 35.0% during the third quarter. UBS Group AG now owns 3,199 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 829 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of SkyWest during the fourth quarter valued at $57,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of SkyWest by 2,109.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,392 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of SkyWest during the third quarter valued at $59,000. 81.30% of the stock is owned by institutional investors.

SkyWest Stock Performance

Shares of SKYW opened at $68.03 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The business has a 50-day simple moving average of $65.47 and a two-hundred day simple moving average of $53.70. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 78.20 and a beta of 1.95. SkyWest, Inc. has a 52 week low of $23.37 and a 52 week high of $71.15.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.31. The business had revenue of $751.80 million during the quarter, compared to analysts’ expectations of $758.41 million. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.93) earnings per share. On average, analysts expect that SkyWest, Inc. will post 6.45 EPS for the current year.

Insiders Place Their Bets

In other SkyWest news, Director James L. Welch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the sale, the director now owns 56,067 shares in the company, valued at $3,740,790.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKYW. TD Cowen raised SkyWest from a “market perform” rating to an “outperform” rating and upped their price target for the company from $55.00 to $68.00 in a report on Monday, February 5th. Evercore ISI increased their target price on SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. TheStreet raised SkyWest from a “c” rating to a “b-” rating in a report on Friday, February 2nd. Raymond James increased their target price on SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, StockNews.com raised SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.25.

SkyWest 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.