Owl Creek Asset Management L.P. Has $29.97 Million Stock Holdings in SkyWest, Inc. $SKYW

Owl Creek Asset Management L.P. grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,332 shares of the transportation company’s stock after purchasing an additional 8,184 shares during the period. SkyWest comprises approximately 2.2% of Owl Creek Asset Management L.P.’s investment portfolio, making the stock its 7th biggest holding. Owl Creek Asset Management L.P.’s holdings in SkyWest were worth $29,967,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in SkyWest by 480.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in SkyWest by 273.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in SkyWest in the 1st quarter valued at $26,000. Johnson Financial Group Inc. acquired a new stake in SkyWest in the 3rd quarter valued at $62,000. Finally, EverSource Wealth Advisors LLC lifted its position in SkyWest by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after buying an additional 339 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Performance

NASDAQ SKYW opened at $103.65 on Monday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average price is $92.03 and its two-hundred day moving average price is $94.39. SkyWest, Inc. has a 1 year low of $77.89 and a 1 year high of $123.94.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.58%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $2.91 EPS. As a group, research analysts anticipate that SkyWest, Inc. will post 10.57 EPS for the current year.

SkyWest declared that its Board of Directors has authorized a share repurchase program on Thursday, July 23rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Trending Headlines about SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 revenue of about $1.10 billion, up 6.5% year over year, showing continued demand and healthier top-line momentum. SkyWest, Inc. Announces Second Quarter 2026 Profit
• Positive Sentiment: The company projected 2026 GAAP EPS in the “$11 area,” which suggests management sees continued earnings strength ahead. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Positive Sentiment: Wall Street commentary remains constructive on SkyWest, and a bullish analyst tone can support the stock by reinforcing confidence in the outlook. Is It Worth Investing in SkyWest (SKYW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Q2 earnings of $2.54 per share were roughly in line with consensus but below some higher estimates, while revenue slightly missed expectations. SkyWest (SKYW) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Higher fuel costs in the prorate business pressured quarterly results, which may weigh on margins if the cost trend continues. SkyWest, Inc. Announces Second Quarter 2026 Profit

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. TD Cowen upped their target price on SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. The Goldman Sachs Group cut SkyWest from a “buy” rating to a “neutral” rating and reduced their price target for the company from $126.00 to $115.00 in a research report on Thursday, July 2nd. Finally, Citigroup raised their price target on SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.17.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.