Hanseatic Management Services Inc. Has $1.06 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Hanseatic Management Services Inc. increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,443 shares of the transportation company’s stock after buying an additional 316 shares during the period. SkyWest accounts for 1.5% of Hanseatic Management Services Inc.’s holdings, making the stock its 22nd biggest holding. Hanseatic Management Services Inc.’s holdings in SkyWest were worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. NBC Securities Inc. lifted its position 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 valued at $31,000 after acquiring an additional 342 shares during the period. Kings Path Partners LLC bought a new position in SkyWest in the 2nd quarter valued at about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SkyWest during the 2nd quarter valued at about $54,000. CWM LLC increased its holdings in SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after purchasing an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Raymond James upped their price target on SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen boosted their price target on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.33.

SkyWest Price Performance

SkyWest stock opened at $112.42 on Thursday. The business’s 50 day simple moving average is $86.64 and its 200 day simple moving average is $80.67. SkyWest, Inc. has a 12 month low of $41.96 and a 12 month high of $113.62. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 19.22 and a beta of 1.93. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The firm had revenue of $912.79 million for the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. Sell-side analysts forecast that SkyWest, Inc. will post 7.06 EPS for the current year.

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.