SkyWest, Inc. (SKYW) PT Raised to $52.00 at Cowen and Company

Piedmont Investment Advisors LLC lifted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 48.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,019 shares of the transportation company's stock after purchasing an additional 20,961 shares during the period. Vanguard Group Inc. owned about 11.39% of SkyWest worth $206,868,000 as of its most recent filing with the SEC. Finally, SG Capital Management LLC acquired a new position in SkyWest during the second quarter worth about $9,765,000. BlackRock Inc. now owns 6,176,837 shares of the transportation company's stock worth $211,556,000 after acquiring an additional 6,164,323 shares during the last quarter. FMR LLC now owns 1,018,900 shares of the transportation company's stock worth $34,897,000 after acquiring an additional 642,100 shares during the last quarter. Systematic Financial Management LP boosted its stake in SkyWest by 31.1% during the second quarter. BlackRock Inc. increased its stake in SkyWest by 49,259.4% in the 1st quarter. Stevens Capital Management LP now owns 23,999 shares of the transportation company's stock valued at $842,000 after purchasing an additional 15,085 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company's stock.

COPYRIGHT VIOLATION WARNING: "Zacks Investment Research Downgrades SkyWest, Inc".

SKYW has been the subject of a number of analyst reports. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States & global copyright and trademark laws. The legal version of this report can be viewed at https://weekherald.com/2017/10/16/skywest-inc-skyw-stake-raised-by-vanguard-group-inc.html. Cowen and Company upped 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. ValuEngine upgraded shares of SkyWest from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 18th. Finally, BidaskClub downgraded shares of SkyWest from a "hold" rating to a "sell" rating in a research report on Monday, July 31st.

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 issued a strong buy rating to the company.

SkyWest has a consensus price target of $41.50, suggesting a potential upside of 10.67%. SkyWest has a 12-month low of $28.05 and a 12-month high of $47.60.

Shares of SkyWest (NASDAQ:SKYW) opened at 46.65 on Wednesday.

SkyWest, Inc. has a 50 day moving average of 41.16 and a 200 day moving average of 36.91. SkyWest, Inc. The firm's market cap is $2.42 billion.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million for the quarter, compared to the consensus estimate of $790.14 million.

This table compares China Southern Airlines Company Limited and SkyWest's net margins, return on equity and return on assets. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter past year, the company posted $0.77 earnings per share. On average, analysts expect that SkyWest will post $3.25 earnings per share for the current year. Investors of record on Friday, September 29th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, September 28th. SkyWest's dividend payout ratio (DPR) is presently -11.31%.

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. 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.

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