Bank of Montreal Can Grows Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Bank of Montreal Can increased its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 21.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,215 shares of the transportation company’s stock after buying an additional 1,292 shares during the quarter. Bank of Montreal Can’s holdings in SkyWest were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in SkyWest by 1.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,298 shares of the transportation company’s stock worth $681,000 after purchasing an additional 152 shares during the period. Evergreen Capital Management LLC raised its stake in SkyWest by 3.9% during the second quarter. Evergreen Capital Management LLC now owns 5,660 shares of the transportation company’s stock valued at $465,000 after buying an additional 213 shares in the last quarter. CWM LLC boosted its holdings in SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after purchasing an additional 279 shares during the period. GAMMA Investing LLC raised its stake in SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after acquiring an additional 292 shares during the period. Finally, Hanseatic Management Services Inc. boosted its position in SkyWest by 2.6% during the 2nd quarter. Hanseatic Management Services Inc. now owns 12,127 shares of the transportation company’s stock valued at $995,000 after purchasing an additional 304 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Up 1.2 %

SKYW stock opened at $86.57 on Wednesday. SkyWest, Inc. has a fifty-two week low of $36.91 and a fifty-two week high of $87.86. The stock has a market cap of $3.49 billion, a PE ratio of 31.25 and a beta of 1.95. The firm’s 50-day simple moving average is $77.40 and its 200 day simple moving average is $76.73. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

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