Virtu KCG Holdings LLC lessened its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 56.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,724 shares of the transportation company’s stock after selling 16,514 shares during the period. Virtu KCG Holdings LLC’s holdings in SkyWest were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,488 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of SkyWest in the 1st quarter valued at about $138,000. Riverhead Capital Management LLC increased its stake in shares of SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 1,862 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of SkyWest in the 1st quarter valued at about $202,000. Finally, Amalgamated Bank increased its stake in shares of SkyWest by 1.6% in the 2nd quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock valued at $243,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.
SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million during the quarter, compared to analysts’ expectations of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 29th were given a $0.08 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. SkyWest’s dividend payout ratio is presently -11.31%.
SKYW has been the subject of several recent analyst reports. BidaskClub lowered SkyWest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 29th. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Cowen and Company lifted their price objective on SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.17.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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