BNP Paribas Financial Markets Sells 28,781 Shares of SkyWest, Inc. $SKYW

BNP Paribas Financial Markets cut its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 29.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,502 shares of the transportation company’s stock after selling 28,781 shares during the period. BNP Paribas Financial Markets’ holdings in SkyWest were worth $6,878,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in SkyWest during the 3rd quarter valued at $62,000. EverSource Wealth Advisors LLC lifted its stake in SkyWest by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 339 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in SkyWest during the 4th quarter valued at $83,000. Blue Trust Inc. lifted its stake in SkyWest by 17.6% during the 4th quarter. Blue Trust Inc. now owns 1,372 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 205 shares in the last quarter. Finally, Arista Wealth Management LLC bought a new position in SkyWest during the 3rd quarter valued at $203,000. 81.30% of the stock is currently owned by institutional investors.

SkyWest Price Performance

SkyWest stock opened at $87.78 on Wednesday. SkyWest, Inc. has a 12 month low of $77.89 and a 12 month high of $123.94. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $87.91 and its 200 day simple moving average is $95.72. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.20 and a beta of 1.47.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $993.06 million. During the same quarter in the prior year, the business earned $2.42 earnings per share. SkyWest’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts forecast that SkyWest, Inc. will post 10.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen lowered their target price on SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Weiss Ratings cut SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Citigroup lowered their target price on SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.00.

SkyWest Company Profile

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.