KBC Group NV cut its position in SkyWest, Inc. (NASDAQ:SKYW) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,670 shares of the transportation company’s stock after selling 30,495 shares during the quarter. KBC Group NV owned about 0.17% of SkyWest worth $3,761,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in 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 during the last quarter. Riverhead Capital Management LLC raised its position in shares of SkyWest by 81.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after buying an additional 1,862 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of SkyWest by 10.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock worth $156,000 after buying an additional 419 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of SkyWest by 73.1% during the 2nd quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock worth $192,000 after buying an additional 2,312 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of SkyWest during the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Shares of SkyWest, Inc. (SKYW) opened at $51.65 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. SkyWest, Inc. has a fifty-two week low of $30.40 and a fifty-two week high of $52.95. The company has a market cap of $2,641.38, a P/E ratio of 16.17 and a beta of 1.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 29th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. SkyWest’s payout ratio is currently -12.26%.
In related news, COO Terry Vais sold 12,075 shares of the business’s 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 filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell A. Childs sold 18,554 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $51.33, for a total transaction of $952,376.82. The disclosure for this sale can be found here. Insiders sold a total of 154,239 shares of company stock worth $7,512,577 over the last quarter. Insiders own 3.50% of the company’s stock.
A number of analysts have commented on SKYW shares. Cowen boosted their price target on shares of SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of SkyWest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 29th. Zacks Investment Research downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Deutsche Bank boosted their price target on shares of SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.60.
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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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