3,360 Shares in SkyWest, Inc. $SKYW Purchased by Intrust Bank NA

Intrust Bank NA purchased a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,360 shares of the transportation company’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC lifted its stake in SkyWest by 0.4% in the second quarter. Soltis Investment Advisors LLC now owns 21,920 shares of the transportation company’s stock worth $2,257,000 after purchasing an additional 95 shares during the last quarter. GK Wealth Management LLC lifted its stake in shares of SkyWest by 2.4% during the 1st quarter. GK Wealth Management LLC now owns 4,600 shares of the transportation company’s stock worth $402,000 after acquiring an additional 106 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in SkyWest by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 11,893 shares of the transportation company’s stock valued at $1,225,000 after acquiring an additional 106 shares during the period. Fifth Third Bancorp grew its position in SkyWest by 38.4% in the 2nd quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 153 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in SkyWest by 1.2% in the second quarter. Yousif Capital Management LLC now owns 15,244 shares of the transportation company’s stock worth $1,570,000 after purchasing an additional 187 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SKYW shares. Raymond James Financial raised shares of SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of SkyWest in a report on Friday, October 31st. Evercore ISI boosted their price objective on shares of SkyWest from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $130.20.

SkyWest Trading Up 0.8%

NASDAQ SKYW opened at $93.67 on Wednesday. SkyWest, Inc. has a one year low of $74.70 and a one year high of $135.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.63 and a current ratio of 0.73. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86. The company’s 50-day simple moving average is $100.44 and its two-hundred day simple moving average is $105.21.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.25. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. SkyWest had a net margin of 10.62% and a return on equity of 16.69%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 EPS. Equities analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

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.