SkyWest, Inc. $SKYW Stock Holdings Increased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 176.7% during the 4th quarter, Holdings Channel reports. The fund owned 18,347 shares of the transportation company’s stock after purchasing an additional 11,716 shares during the period. Dana Investment Advisors Inc.’s holdings in SkyWest were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of SkyWest in the 3rd quarter worth $62,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 339 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of SkyWest in the 4th quarter worth $83,000. Blue Trust Inc. grew its holdings in shares of SkyWest by 17.6% in the 4th quarter. Blue Trust Inc. now owns 1,372 shares of the transportation company’s stock worth $138,000 after acquiring an additional 205 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of SkyWest by 117.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,492 shares of the transportation company’s stock worth $150,000 after acquiring an additional 807 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In other news, insider Wade J. Steel sold 20,629 shares of SkyWest stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.53, for a total transaction of $2,197,607.37. Following the transaction, the insider owned 77,438 shares in the company, valued at approximately $8,249,470.14. The trade was a 21.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW stock opened at $81.25 on Monday. SkyWest, Inc. has a 1-year low of $80.00 and a 1-year high of $123.94. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.17 and a beta of 1.48. The stock’s fifty day simple moving average is $90.41 and its 200-day simple moving average is $97.30.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $993.06 million. During the same quarter in the previous year, the company posted $2.42 earnings per share. SkyWest’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that SkyWest, Inc. will post 10.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SKYW shares. Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a report on Thursday, January 22nd. Citigroup decreased their target price on SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Cantor Fitzgerald set a $122.00 target price on SkyWest in a report on Monday, January 26th. Finally, TD Cowen decreased their target price on SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.00.

SkyWest 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.