SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,002 shares of the transportation company’s stock after acquiring an additional 720 shares during the quarter. Mackenzie Financial Corp’s holdings in SkyWest were worth $627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SKYW. Strs Ohio acquired a new stake in SkyWest during the 4th quarter worth $36,000. Salem Investment Counselors Inc. acquired a new stake in SkyWest during the 4th quarter worth $57,000. Harvest Fund Management Co. Ltd raised its stake in SkyWest by 2,109.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,392 shares of the transportation company’s stock worth $58,000 after acquiring an additional 1,329 shares in the last quarter. Headlands Technologies LLC acquired a new stake in SkyWest during the 3rd quarter worth $59,000. Finally, International Assets Investment Management LLC raised its stake in SkyWest by 5,120.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,775 shares of the transportation company’s stock worth $93,000 after acquiring an additional 1,741 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

SkyWest Stock Up 2.5 %

Shares of NASDAQ:SKYW opened at $73.14 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 84.07 and a beta of 1.95. The firm’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $54.77. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. SkyWest, Inc. has a fifty-two week low of $23.51 and a fifty-two week high of $74.52.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.31. The business had revenue of $751.80 million for the quarter, compared to the consensus estimate of $758.41 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.93) earnings per share. As a group, equities research analysts predict that SkyWest, Inc. will post 6.45 earnings per share for the current year.

SkyWest Profile

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.