UBS Asset Management Americas Inc. held its position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,265 shares of the transportation company’s stock at the end of the second quarter. UBS Asset Management Americas Inc.’s holdings in SkyWest were worth $290,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in SkyWest by 108.5% during the second 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 lifted its holdings in shares of SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after acquiring an additional 1,862 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of SkyWest by 1.6% in the 2nd quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock worth $243,000 after acquiring an additional 110 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of SkyWest in the 2nd quarter worth about $246,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of SkyWest in the 2nd quarter worth about $300,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.03. The firm had revenue of $831.93 million for the quarter, compared to analysts’ expectations of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 29th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.68%. SkyWest’s payout ratio is -12.26%.

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Several equities research analysts have recently issued reports on SKYW shares. BidaskClub lowered shares of SkyWest from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine lowered shares of SkyWest from a “strong-buy” rating to a “buy” rating in a report on Monday, September 4th. Cowen and Company raised their target price on shares of SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Deutsche Bank AG raised their target price on shares of SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

SkyWest Profile

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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