Janney Montgomery Scott LLC Decreases Position in SkyWest, Inc. (SKYW)

Janney Montgomery Scott LLC reduced its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,297 shares of the transportation company’s stock after selling 625 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SkyWest were worth $992,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its holdings in shares of SkyWest by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 17,354 shares of the transportation company’s stock worth $771,000 after purchasing an additional 210 shares during the period. Affinity Investment Advisors LLC boosted its holdings in shares of SkyWest by 11.0% during the third quarter. Affinity Investment Advisors LLC now owns 9,203 shares of the transportation company’s stock worth $542,000 after purchasing an additional 909 shares during the period. Verition Fund Management LLC boosted its holdings in shares of SkyWest by 8.7% during the third quarter. Verition Fund Management LLC now owns 11,943 shares of the transportation company’s stock worth $703,000 after purchasing an additional 955 shares during the period. AQR Capital Management LLC boosted its holdings in shares of SkyWest by 1.1% during the third quarter. AQR Capital Management LLC now owns 98,181 shares of the transportation company’s stock worth $5,783,000 after purchasing an additional 1,113 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of SkyWest by 2.2% during the third quarter. Aperio Group LLC now owns 59,291 shares of the transportation company’s stock worth $3,492,000 after purchasing an additional 1,252 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.

Several equities analysts recently weighed in on SKYW shares. BidaskClub raised shares of SkyWest from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Evercore ISI raised shares of SkyWest from an “in-line” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Wednesday, October 31st. Deutsche Bank raised their price objective on shares of SkyWest from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Raymond James raised their price objective on shares of SkyWest from $69.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 31st. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $58.00 price objective on shares of SkyWest in a research report on Friday, November 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.86.

Shares of SKYW opened at $55.31 on Friday. The company has a market cap of $2.90 billion, a P/E ratio of 10.44 and a beta of 1.69. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.02 and a current ratio of 1.10. SkyWest, Inc. has a twelve month low of $42.38 and a twelve month high of $65.80.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.20. SkyWest had a net margin of 8.70% and a return on equity of 14.87%. The firm had revenue of $803.49 million for the quarter, compared to analyst estimates of $789.62 million. Analysts predict that SkyWest, Inc. will post 5.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Friday, March 29th will be given a $0.12 dividend. This is a positive change from SkyWest’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%. SkyWest’s dividend payout ratio (DPR) is currently 7.55%.

COPYRIGHT VIOLATION NOTICE: “Janney Montgomery Scott LLC Decreases Position in SkyWest, Inc. (SKYW)” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2019/02/22/janney-montgomery-scott-llc-decreases-position-in-skywest-inc-skyw.html.

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.

Featured Article: Retained Earnings

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply