NBC Securities Inc. Acquires 342 Shares of SkyWest, Inc. (NASDAQ:SKYW)

NBC Securities Inc. boosted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 1,368.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 367 shares of the transportation company’s stock after buying an additional 342 shares during the quarter. NBC Securities Inc.’s holdings in SkyWest were worth $31,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kings Path Partners LLC purchased a new position in shares of SkyWest during the 2nd quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in SkyWest during the second quarter valued at $54,000. CWM LLC grew its holdings in SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares during the period. GAMMA Investing LLC grew its holdings in SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in SkyWest in the first quarter worth about $77,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Up 1.2 %

NASDAQ SKYW opened at $95.79 on Monday. SkyWest, Inc. has a 52 week low of $36.91 and a 52 week high of $96.82. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.86 billion, a P/E ratio of 34.58 and a beta of 1.95. The stock’s 50-day moving average price is $80.48 and its 200-day moving average price is $78.06.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. The company had revenue of $867.10 million for the quarter, compared to analysts’ expectations of $826.56 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. On average, equities research analysts predict that SkyWest, Inc. will post 6.88 earnings per share for the current year.

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.