SkyWest, Inc. $SKYW Shares Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 39.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,560 shares of the transportation company’s stock after purchasing an additional 30,173 shares during the period. SummitTX Capital L.P.’s holdings in SkyWest were worth $9,785,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in SkyWest by 9.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 148,225 shares of the transportation company’s stock worth $14,883,000 after acquiring an additional 12,635 shares during the period. Ruffer LLP acquired a new stake in SkyWest in the fourth quarter valued at $3,021,000. Allspring Global Investments Holdings LLC lifted its holdings in SkyWest by 22.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 176,882 shares of the transportation company’s stock valued at $17,900,000 after acquiring an additional 31,904 shares during the period. Assetmark Inc. boosted its position in shares of SkyWest by 261.8% during the 4th quarter. Assetmark Inc. now owns 76,229 shares of the transportation company’s stock worth $7,654,000 after purchasing an additional 55,162 shares in the last quarter. Finally, U S Global Investors Inc. boosted its position in shares of SkyWest by 4.0% during the 4th quarter. U S Global Investors Inc. now owns 223,006 shares of the transportation company’s stock worth $22,392,000 after purchasing an additional 8,594 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW stock opened at $103.65 on Monday. The stock has a fifty day moving average price of $92.03 and a 200 day moving average price of $94.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market cap of $4.11 billion, a PE ratio of 10.30, a P/E/G ratio of 1.50 and a beta of 1.45. SkyWest, Inc. has a 1 year low of $77.89 and a 1 year high of $123.94.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, July 23rd. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.16). SkyWest had a net margin of 9.78% and a return on equity of 14.58%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $2.91 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts forecast that SkyWest, Inc. will post 10.57 earnings per share for the current fiscal year.

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

SkyWest News Roundup

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 revenue of about $1.10 billion, up 6.5% year over year, showing continued demand and healthier top-line momentum. SkyWest, Inc. Announces Second Quarter 2026 Profit
• Positive Sentiment: The company projected 2026 GAAP EPS in the “$11 area,” which suggests management sees continued earnings strength ahead. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Positive Sentiment: Wall Street commentary remains constructive on SkyWest, and a bullish analyst tone can support the stock by reinforcing confidence in the outlook. Is It Worth Investing in SkyWest (SKYW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Q2 earnings of $2.54 per share were roughly in line with consensus but below some higher estimates, while revenue slightly missed expectations. SkyWest (SKYW) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Higher fuel costs in the prorate business pressured quarterly results, which may weigh on margins if the cost trend continues. SkyWest, Inc. Announces Second Quarter 2026 Profit

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SKYW shares. Citigroup upped their price target on shares of SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. TD Cowen upped their target price on shares of SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group lowered shares of SkyWest from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $126.00 to $115.00 in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

About SkyWest

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.