Mutual of America Capital Management LLC Has $374,000 Position in SkyWest, Inc. (NASDAQ:SKYW)

Mutual of America Capital Management LLC reduced its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,166 shares of the transportation company’s stock after selling 207 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SkyWest were worth $374,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. grew its position in SkyWest by 16.4% during the third quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock worth $30,241,000 after buying an additional 101,459 shares in the last quarter. Seven Eight Capital LP acquired a new stake in SkyWest during the third quarter worth about $833,000. Illinois Municipal Retirement Fund acquired a new stake in SkyWest during the third quarter worth about $1,115,000. Capula Management Ltd acquired a new stake in SkyWest during the third quarter worth about $1,058,000. Finally, EP Wealth Advisors LLC grew its position in SkyWest by 5,203.4% during the third quarter. EP Wealth Advisors LLC now owns 256,631 shares of the transportation company’s stock worth $10,763,000 after buying an additional 251,792 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Performance

NASDAQ:SKYW opened at $74.31 on Wednesday. SkyWest, Inc. has a 1 year low of $23.37 and a 1 year high of $74.52. The firm has a 50 day moving average of $66.20 and a 200-day moving average of $54.52. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3.00 billion, a P/E ratio of 85.41 and a beta of 1.95.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.31. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The company had revenue of $751.80 million during the quarter, compared to analysts’ expectations of $758.41 million. During the same quarter in the previous year, the company posted ($0.93) earnings per share. SkyWest’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that SkyWest, Inc. will post 6.45 EPS for the current fiscal year.

Insider Activity

In related news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the transaction, the director now owns 56,067 shares in the company, valued at approximately $3,740,790.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SKYW. Evercore ISI lifted their target price on SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. TD Cowen raised SkyWest from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $68.00 in a report on Monday, February 5th. StockNews.com raised SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Raymond James lifted their price objective on SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, TheStreet raised SkyWest from a “c” rating to a “b-” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

About SkyWest

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.