New Age Alpha Advisors LLC Has $4.50 Million Stock Holdings in SkyWest, Inc. $SKYW

New Age Alpha Advisors LLC lifted its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 2,144.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,809 shares of the transportation company’s stock after buying an additional 42,813 shares during the period. New Age Alpha Advisors LLC’s holdings in SkyWest were worth $4,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in shares of SkyWest in the third quarter worth $62,000. EverSource Wealth Advisors LLC boosted its position in shares of SkyWest by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after buying an additional 339 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of SkyWest in the fourth quarter worth $83,000. Blue Trust Inc. boosted its position in shares of SkyWest by 17.6% in the fourth quarter. Blue Trust Inc. now owns 1,372 shares of the transportation company’s stock worth $138,000 after buying an additional 205 shares during the period. Finally, Arista Wealth Management LLC acquired a new stake in shares of SkyWest in the third quarter worth $203,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Price Performance

NASDAQ SKYW opened at $84.82 on Tuesday. SkyWest, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $123.94. The stock’s 50-day moving average is $89.31 and its two-hundred day moving average is $96.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51. The firm has a market cap of $3.36 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.35. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $993.06 million. During the same period last year, the company earned $2.42 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that SkyWest, Inc. will post 10.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SKYW shares. Weiss Ratings cut SkyWest from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Cantor Fitzgerald set a $122.00 price objective on SkyWest in a research report on Monday, January 26th. Citigroup reduced their price objective on SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, TD Cowen reduced their price objective on SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SkyWest currently has a consensus rating of “Moderate Buy” and an average target price of $117.00.

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.