1 week Ago By ABMN Staff
Anchor Capital Advisors LLC reduced its position in SkyWest, Inc. ( NASDAQ:SKYW – Free Report ) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 22,803 shares of the transportation company’s stock after selling 1,609 shares during the quarter. Anchor Capital Advisors LLC’s holdings in SkyWest were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also made changes to their positions in the company.
Acadian Asset Management LLC purchased a new position in SkyWest in the second quarter valued at about $520,000. Arizona State Retirement System purchased a new position in SkyWest in the second quarter valued at about $231,000. Victory Capital Management Inc.
raised its position in SkyWest by 90.2% in the second quarter. Victory Capital Management Inc.
now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after purchasing an additional 261,349 shares during the period. Versor Investments LP raised its position in SkyWest by 15.4% in the second quarter.
Versor Investments LP now owns 9,904 shares of the transportation company’s stock valued at $813,000 after purchasing an additional 1,319 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in SkyWest in the second quarter valued at about $201,000. 81.
30% of the stock is owned by hedge funds and other institutional investors. SkyWest Stock Up 0.1 % NASDAQ:SKYW opened at $75.
48 on Monday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 27.
25 and a beta of 1.95. SkyWest, Inc.
has a one year low of $36.91 and a one year high of $87.86.
The stock has a 50-day simple moving average of $78.02 and a 200 day simple moving average of $74.14.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.
84. Insider Buying and Selling In other SkyWest news, Director James L. Welch sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th.
The shares were sold at an average price of $79.08, for a total value of $158,160.00.
Following the transaction, the director now owns 46,462 shares of the company’s stock, valued at $3,674,214.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Insiders own 2.00% of the company’s stock. Wall Street Analysts Forecast Growth Separately, TD Cowen raised their target price on SkyWest from $85.
00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat.com, SkyWest currently has an average rating of “Moderate Buy” and a consensus target price of $76.67.
Check Out Our Latest Stock Analysis on SkyWest About SkyWest ( Free Report ) 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.
Read More Want to see what other hedge funds are holding SKYW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SkyWest, Inc. ( NASDAQ:SKYW – Free Report ).
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