SG Americas Securities LLC Lowers Holdings in SkyWest, Inc. (NASDAQ:SKYW)

SG Americas Securities LLC decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,495 shares of the transportation company’s stock after selling 605 shares during the quarter. SG Americas Securities LLC’s holdings in SkyWest were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SW Investment Management LLC grew its holdings in shares of SkyWest by 13.2% during the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock worth $49,242,000 after purchasing an additional 70,000 shares during the period. Cetera Investment Advisers grew its holdings in shares of SkyWest by 11.6% during the 2nd quarter. Cetera Investment Advisers now owns 29,940 shares of the transportation company’s stock worth $2,457,000 after purchasing an additional 3,112 shares during the period. Invst LLC purchased a new stake in shares of SkyWest during the 2nd quarter worth about $317,000. Scientech Research LLC purchased a new stake in shares of SkyWest during the 2nd quarter worth about $334,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of SkyWest by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Stock Down 0.8 %

NASDAQ SKYW opened at $94.81 on Wednesday. The stock has a market cap of $3.80 billion, a PE ratio of 22.36 and a beta of 1.95. The business has a 50 day moving average price of $81.38 and a two-hundred day moving average price of $78.43. SkyWest, Inc. has a fifty-two week low of $36.91 and a fifty-two 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.

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