4,686 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp bought a new stake in SkyWest, Inc. (NASDAQ:SKYW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,686 shares of the transportation company’s stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of SkyWest in the 4th quarter worth approximately $204,000. Norges Bank purchased a new stake in SkyWest during the fourth quarter valued at approximately $12,134,000. Quest Partners LLC bought a new position in SkyWest in the fourth quarter worth approximately $26,000. Franklin Resources Inc. boosted its stake in shares of SkyWest by 14.2% during the 4th quarter. Franklin Resources Inc. now owns 27,502 shares of the transportation company’s stock worth $1,436,000 after acquiring an additional 3,415 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of SkyWest by 306.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,409 shares of the transportation company’s stock worth $1,274,000 after acquiring an additional 18,401 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Price Performance

NASDAQ SKYW opened at $81.89 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. SkyWest, Inc. has a 12 month low of $36.91 and a 12 month high of $87.86. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 29.56 and a beta of 1.95. The company’s 50 day moving average is $77.03 and its two-hundred day moving average is $75.27.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.73 by $0.09. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm had revenue of $867.10 million for the quarter, compared to the consensus estimate of $826.56 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that SkyWest, Inc. will post 6.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TD Cowen upped their price objective on SkyWest from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.67.

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.