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

Intrust Bank NA purchased a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,360 shares of the transportation company’s stock, valued at approximately $346,000.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. grew its position in shares of SkyWest by 8.3% during the first quarter. American Century Companies Inc. now owns 1,505,919 shares of the transportation company’s stock worth $131,572,000 after purchasing an additional 115,619 shares in the last quarter. Geode Capital Management LLC boosted its stake in SkyWest by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,009,759 shares of the transportation company’s stock worth $103,992,000 after purchasing an additional 19,521 shares during the period. SW Investment Management LLC grew its holdings in SkyWest by 5.9% during the 2nd quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company’s stock valued at $92,673,000 after buying an additional 50,000 shares in the last quarter. Invesco Ltd. raised its position in shares of SkyWest by 4.0% during the first quarter. Invesco Ltd. now owns 564,732 shares of the transportation company’s stock valued at $49,341,000 after buying an additional 21,723 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of SkyWest in the first quarter worth $37,474,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SKYW. Zacks Research raised shares of SkyWest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald set a $132.00 price objective on shares of SkyWest in a report on Friday, October 31st. Wall Street Zen cut SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Evercore ISI boosted their target price on SkyWest from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Cowen restated a “buy” rating on shares of SkyWest in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, SkyWest presently has an average rating of “Buy” and an average target price of $130.20.

SkyWest Stock Performance

SkyWest stock opened at $93.67 on Wednesday. The company’s 50-day moving average price is $100.44 and its 200-day moving average price is $105.21. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.76 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86. SkyWest, Inc. has a twelve month low of $74.70 and a twelve month high of $135.57.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.56 by $0.25. SkyWest had a return on equity of 16.69% and a net margin of 10.62%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $2.16 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. On average, equities research 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.