Y Intercept Hong Kong Ltd Purchases 25,246 Shares of SkyWest, Inc. $SKYW

Y Intercept Hong Kong Ltd increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 217.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,837 shares of the transportation company’s stock after purchasing an additional 25,246 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of SkyWest worth $3,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Owl Creek Asset Management L.P. bought a new stake in SkyWest during the second quarter valued at about $9,856,000. JPMorgan Chase & Co. grew its holdings in SkyWest by 60.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 214,550 shares of the transportation company’s stock valued at $22,092,000 after buying an additional 80,486 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in SkyWest by 40.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 255,251 shares of the transportation company’s stock valued at $26,283,000 after buying an additional 73,374 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of SkyWest by 379.9% during the second quarter. Allianz Asset Management GmbH now owns 80,056 shares of the transportation company’s stock valued at $8,243,000 after buying an additional 63,375 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of SkyWest in the second quarter worth $6,495,000. Institutional investors own 81.30% of the company’s stock.

SkyWest Trading Down 2.3%

Shares of NASDAQ SKYW opened at $101.66 on Monday. SkyWest, Inc. has a 1-year low of $74.70 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.61. The business’s 50 day moving average is $100.76 and its two-hundred day moving average is $105.25. The stock has a market capitalization of $4.08 billion, a P/E ratio of 9.70, a PEG ratio of 0.70 and a beta of 1.66.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.25. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $2.16 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, research analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total value of $503,401.50. Following the sale, the director owned 25,362 shares of the company’s stock, valued at approximately $2,702,067.48. This represents a 15.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup started coverage on shares of SkyWest in a research note on Thursday, December 4th. They set a “neutral” rating and a $112.00 target price for the company. Wall Street Zen lowered SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of SkyWest in a research report on Thursday. Zacks Research lowered SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Cantor Fitzgerald set a $132.00 price objective on SkyWest in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, SkyWest currently has an average rating of “Moderate Buy” and an average price target of $125.50.

SkyWest Company Profile

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.