Nisa Investment Advisors LLC Trims Stake in SkyWest, Inc. (SKYW)

Nisa Investment Advisors LLC decreased its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 27.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,960 shares of the transportation company’s stock after selling 15,000 shares during the period. Nisa Investment Advisors LLC owned approximately 0.08% of SkyWest worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of SkyWest by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,893,643 shares of the transportation company’s stock valued at $206,868,000 after purchasing an additional 105,193 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of SkyWest by 87.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,420,063 shares of the transportation company’s stock valued at $62,340,000 after purchasing an additional 660,859 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of SkyWest by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,295,700 shares of the transportation company’s stock valued at $45,479,000 after purchasing an additional 117,700 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SkyWest by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,243,724 shares of the transportation company’s stock valued at $54,603,000 after purchasing an additional 33,310 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of SkyWest by 9.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,034,140 shares of the transportation company’s stock valued at $45,398,000 after purchasing an additional 93,373 shares in the last quarter. Institutional investors own 90.75% of the company’s stock.

Shares of SkyWest, Inc. (NASDAQ SKYW) opened at $54.20 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.09 and a current ratio of 1.24. SkyWest, Inc. has a 52 week low of $30.40 and a 52 week high of $55.93. The company has a market cap of $2,791.72, a PE ratio of -20.77 and a beta of 1.77.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company had revenue of $831.93 million during the quarter, compared to analyst estimates of $817.43 million. During the same period in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. equities research analysts predict that SkyWest, Inc. will post 3.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 29th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, December 28th. SkyWest’s dividend payout ratio is presently -12.26%.

SKYW has been the subject of several research reports. Zacks Investment Research lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Cowen upped their price objective on shares of SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, October 2nd. Deutsche Bank upped their price objective on shares of SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Imperial Capital upped their price objective on shares of SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research note on Tuesday, October 31st. Finally, BidaskClub lowered shares of SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.20.

In other news, COO Terry Vais sold 12,075 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $51.52, for a total value of $622,104.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry C. Atkin sold 110,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $48.10, for a total transaction of $5,291,000.00. The disclosure for this sale can be found here. Insiders have sold 154,239 shares of company stock valued at $7,512,577 over the last ninety days. Insiders own 3.50% of the company’s stock.

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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.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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