Hillsdale Investment Management Inc. Purchases 11,700 Shares of SkyWest, Inc. $SKYW

Hillsdale Investment Management Inc. lifted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 19.4% during the 2nd quarter, Holdings Channel reports. The firm owned 72,080 shares of the transportation company’s stock after purchasing an additional 11,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in SkyWest were worth $7,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC raised its position in shares of SkyWest by 47.2% in the first quarter. Intech Investment Management LLC now owns 47,497 shares of the transportation company’s stock valued at $4,150,000 after buying an additional 15,239 shares in the last quarter. 111 Capital acquired a new stake in shares of SkyWest during the 2nd quarter worth $372,000. SW Investment Management LLC increased its position in shares of SkyWest by 5.9% in the second quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company’s stock worth $92,673,000 after purchasing an additional 50,000 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in SkyWest by 1,124.8% during the second quarter. Campbell & CO Investment Adviser LLC now owns 28,759 shares of the transportation company’s stock worth $2,961,000 after buying an additional 26,411 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in SkyWest by 25.7% in the 1st quarter. Meeder Asset Management Inc. now owns 5,234 shares of the transportation company’s stock valued at $457,000 after buying an additional 1,070 shares during the period. 81.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts 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 report on Wednesday, October 1st. Zacks Research raised SkyWest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. TD Cowen boosted their price target on SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $130.20.

SkyWest Stock Down 0.7%

SkyWest stock opened at $92.53 on Friday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86. The firm’s fifty day moving average price is $99.80 and its two-hundred day moving average price is $105.04. SkyWest, Inc. has a 1-year low of $74.70 and a 1-year high of $135.57. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.78.

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

SkyWest 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.