Deutsche Bank AG Has $10.91 Million Stake in SkyWest, Inc. (SKYW)

Deutsche Bank AG lifted its position in SkyWest, Inc. (NASDAQ:SKYW) by 65.1% in the 4th quarter, Holdings Channel reports. The fund owned 205,592 shares of the transportation company’s stock after acquiring an additional 81,083 shares during the period. Deutsche Bank AG’s holdings in SkyWest were worth $10,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in SkyWest by 2.8% during the 4th quarter. BlackRock Inc. now owns 6,459,519 shares of the transportation company’s stock valued at $343,000,000 after buying an additional 178,016 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in SkyWest by 108.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,153,757 shares of the transportation company’s stock valued at $114,367,000 after buying an additional 1,119,617 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in SkyWest by 19.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,863,468 shares of the transportation company’s stock valued at $98,950,000 after buying an additional 302,000 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in SkyWest by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,488,411 shares of the transportation company’s stock valued at $79,034,000 after buying an additional 68,348 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in SkyWest by 3.2% during the 4th quarter. LSV Asset Management now owns 1,130,887 shares of the transportation company’s stock valued at $60,050,000 after buying an additional 34,850 shares in the last quarter. Institutional investors own 90.33% of the company’s stock.

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Shares of SKYW opened at $54.40 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 1.07. The stock has a market cap of $2,837.78, a P/E ratio of 15.86 and a beta of 1.74. SkyWest, Inc. has a 1-year low of $30.40 and a 1-year high of $60.65.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $797.20 million for the quarter, compared to the consensus estimate of $778.13 million. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. research analysts forecast that SkyWest, Inc. will post 4.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Friday, March 30th will be given a dividend of $0.10 per share. This is an increase from SkyWest’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. SkyWest’s dividend payout ratio (DPR) is 11.66%.

A number of equities research analysts recently weighed in on SKYW shares. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Cowen reiterated a “buy” rating and set a $60.00 price objective on shares of SkyWest in a report on Tuesday, January 9th. Raymond James Financial lifted their price objective on shares of SkyWest from $62.00 to $65.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Thursday, January 11th. Finally, BidaskClub lowered shares of SkyWest from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. SkyWest has an average rating of “Buy” and a consensus price target of $56.00.

In other SkyWest news, insider Eric Woodward sold 4,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $56.90, for a total transaction of $256,050.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Terry Vais sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $56.00, for a total transaction of $324,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,639 shares of company stock worth $2,781,474 in the last three months. Insiders own 3.50% of the company’s stock.

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SkyWest Company 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.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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