Rothschild Asset Management Inc. Acquires 1,009 Shares of SkyWest, Inc. (SKYW)

Rothschild Asset Management Inc. lifted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 736,959 shares of the transportation company’s stock after purchasing an additional 1,009 shares during the period. Rothschild Asset Management Inc. owned about 1.42% of SkyWest worth $38,248,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in SkyWest by 69.2% during the 2nd quarter. SG Americas Securities LLC now owns 27,633 shares of the transportation company’s stock valued at $1,434,000 after acquiring an additional 11,303 shares during the period. Strs Ohio lifted its position in SkyWest by 307.7% during the 2nd quarter. Strs Ohio now owns 15,900 shares of the transportation company’s stock valued at $825,000 after acquiring an additional 12,000 shares during the period. Rhumbline Advisers lifted its position in SkyWest by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 126,090 shares of the transportation company’s stock valued at $6,544,000 after acquiring an additional 2,012 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in SkyWest during the 2nd quarter valued at about $571,000. Finally, Alps Advisors Inc. lifted its position in SkyWest by 12.5% during the 2nd quarter. Alps Advisors Inc. now owns 11,888 shares of the transportation company’s stock valued at $617,000 after acquiring an additional 1,324 shares during the period. 89.86% of the stock is currently owned by institutional investors.

Shares of SkyWest stock opened at $60.65 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.11 and a quick ratio of 0.97. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.68 and a beta of 1.73. SkyWest, Inc. has a 52-week low of $31.75 and a 52-week high of $62.45.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 26th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.20. The business had revenue of $805.50 million during the quarter, compared to analysts’ expectations of $795.19 million. SkyWest had a net margin of 14.73% and a return on equity of 13.20%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. research analysts predict that SkyWest, Inc. will post 4.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Friday, September 28th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.40 annualized dividend and a yield of 0.66%. SkyWest’s dividend payout ratio (DPR) is presently 11.66%.

SKYW has been the subject of a number of recent research reports. Zacks Investment Research cut shares of SkyWest from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. BidaskClub cut shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Cowen lifted their price target on shares of SkyWest from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, April 27th. Imperial Capital lifted their price target on shares of SkyWest from $55.00 to $60.00 and gave the company a “line” rating in a research report on Monday, April 30th. Finally, ValuEngine raised shares of SkyWest from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SkyWest has an average rating of “Buy” and an average target price of $63.60.

In other SkyWest news, CEO Russell A. Childs sold 22,074 shares of SkyWest stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $59.79, for a total value of $1,319,804.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Terry Vais sold 8,241 shares of SkyWest stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $60.01, for a total transaction of $494,542.41. The disclosure for this sale can be found here. Insiders sold 105,855 shares of company stock valued at $6,365,775 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

About SkyWest

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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