WINTON GROUP Ltd Makes New Investment in SkyWest, Inc. $SKYW

WINTON GROUP Ltd bought a new stake in SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 63,079 shares of the transportation company’s stock, valued at approximately $6,495,000. WINTON GROUP Ltd owned 0.16% of SkyWest at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in SkyWest in the 2nd quarter valued at $40,000. Fifth Third Bancorp increased its stake in shares of SkyWest by 38.4% during the second quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock worth $57,000 after acquiring an additional 153 shares during the period. Blue Trust Inc. raised its holdings in SkyWest by 478.6% during the second quarter. Blue Trust Inc. now owns 567 shares of the transportation company’s stock worth $58,000 after purchasing an additional 469 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in SkyWest by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 339 shares during the period. Finally, TD Private Client Wealth LLC purchased a new stake in SkyWest in the 2nd quarter valued at approximately $71,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SKYW. Citigroup initiated coverage on SkyWest in a research note on Thursday. They set a “neutral” rating and a $112.00 target price for the company. Cantor Fitzgerald set a $132.00 price objective on SkyWest in a report on Friday, October 31st. Wall Street Zen downgraded SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Raymond James Financial upgraded shares of SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, TD Cowen increased their price target on shares of SkyWest from $124.00 to $132.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $127.17.

SkyWest Stock Performance

Shares of SKYW stock opened at $103.40 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 0.71. The stock has a market cap of $4.15 billion, a PE ratio of 9.87, a P/E/G ratio of 0.77 and a beta of 1.63. SkyWest, Inc. has a 1 year low of $74.70 and a 1 year high of $135.57. The stock has a fifty day moving average price of $99.05 and a 200 day moving average price of $105.15.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.25. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 EPS. Sell-side analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

SkyWest Company 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.