Creative Planning lifted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW – Get Rating) by 8.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,480 shares of the transportation company's stock after acquiring an additional 4,027 shares during the quarter. Creative Planning owned 0.10% of SkyWest worth $853,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Great West Life Assurance Co. Can increased its position in shares of SkyWest by 15.6% during the third quarter. Great West Life Assurance Co. Can now owns 56,858 shares of the transportation company's stock valued at $924,000 after acquiring an additional 7,674 shares during the last quarter. CWM LLC increased its position in shares of SkyWest by 739.7% during the third quarter. CWM LLC now owns 2,007 shares of the transportation company's stock valued at $33,000 after acquiring an additional 1,768 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in SkyWest by 152.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,354 shares of the transportation company's stock worth $119,000 after buying an additional 4,446 shares during the last quarter. Eidelman Virant Capital purchased a new stake in SkyWest in the third quarter worth $369,000. Finally, Ziegler Capital Management LLC purchased a new stake in SkyWest in the third quarter worth $683,000. 80.82% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms have issued reports on SKYW. StockNews.com began coverage on SkyWest in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. TheStreet downgraded SkyWest from a "c" rating to a "d+" rating in a research report on Wednesday, November 16th. The Goldman Sachs Group began coverage on SkyWest in a research report on Friday, December 16th. They issued a "sell" rating and a $15.00 target price for the company. Cowen decreased their target price on SkyWest to $24.00 in a research report on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on SkyWest from $25.00 to $19.00 in a research report on Tuesday, December 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $24.60.
SkyWest Price Performance
Shares of NASDAQ SKYW opened at $19.95 on Tuesday. The stock has a market cap of $1.01 billion, a PE ratio of 8.08 and a beta of 1.75. SkyWest, Inc. has a fifty-two week low of $14.76 and a fifty-two week high of $39.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.09. The stock has a fifty day moving average of $18.05 and a 200-day moving average of $19.18.SkyWest Company Profile
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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.
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