SkyWest, Inc. (NASDAQ:SKYW) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in SkyWest, Inc. (NASDAQ:SKYW) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 428,882 shares of the transportation company’s stock after buying an additional 24,285 shares during the period. Geode Capital Management LLC owned approximately 0.83% of SkyWest worth $14,689,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in SkyWest by 170.4% in the first quarter. FMR LLC now owns 1,018,900 shares of the transportation company’s stock worth $34,897,000 after buying an additional 642,100 shares during the period. Monarch Partners Asset Management LLC boosted its position in SkyWest by 143.5% in the first quarter. Monarch Partners Asset Management LLC now owns 492,590 shares of the transportation company’s stock worth $16,871,000 after buying an additional 290,330 shares during the period. Vanguard Group Inc. boosted its position in SkyWest by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,788,450 shares of the transportation company’s stock worth $198,255,000 after buying an additional 198,452 shares during the period. Ameriprise Financial Inc. boosted its position in SkyWest by 14.9% in the first quarter. Ameriprise Financial Inc. now owns 1,130,911 shares of the transportation company’s stock worth $38,735,000 after buying an additional 147,015 shares during the period. Finally, Highbridge Capital Management LLC boosted its position in SkyWest by 253.3% in the fourth quarter. Highbridge Capital Management LLC now owns 189,269 shares of the transportation company’s stock worth $6,899,000 after buying an additional 135,697 shares during the period. Hedge funds and other institutional investors own 90.84% of the company’s stock.

SkyWest, Inc. (SKYW) opened at 36.30 on Wednesday. SkyWest, Inc. has a one year low of $25.04 and a one year high of $39.85. The stock has a 50 day moving average price of $36.62 and a 200 day moving average price of $35.54. The company’s market cap is $1.88 billion.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million during the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that SkyWest, Inc. will post $3.27 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “SkyWest, Inc. (NASDAQ:SKYW) Stake Raised by Geode Capital Management LLC” was posted by BBNS and is owned by of BBNS. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/geode-capital-management-llc-has-14-69-million-stake-in-skywest-inc-nasdaqskyw-updated-updated/1252969.html.

SKYW has been the subject of a number of research reports. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, May 2nd. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. upgraded SkyWest from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 13th. Deutsche Bank AG increased their target price on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. SkyWest has an average rating of “Buy” and a consensus target price of $41.00.

About SkyWest

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

Receive News & Ratings for SkyWest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.