SkyWest (NASDAQ:SKYW) Reaches New 12-Month High – Still a Buy?

SkyWest, Inc. (NASDAQ:SKYW) shares hit a new 52-week high on Wednesday . The company traded as high as $97.59 and last traded at $96.52, with a volume of 45338 shares changing hands. The stock had previously closed at $95.92.

SkyWest Price Performance

The stock has a fifty day simple moving average of $84.34 and a two-hundred day simple moving average of $79.55. The company has a market cap of $3.82 billion, a PE ratio of 22.45 and a beta of 1.95. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 8.18% and a net margin of 5.55%. The company had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities analysts predict that SkyWest, Inc. will post 6.88 EPS for the current fiscal year.

Institutional Investors Weigh In On SkyWest

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its stake in shares of SkyWest by 1,368.0% during the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Kings Path Partners LLC purchased a new stake in shares of SkyWest during the 2nd quarter worth approximately $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SkyWest during the 2nd quarter worth approximately $54,000. CWM LLC boosted its stake in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after acquiring an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of SkyWest by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Company Profile

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.