SkyWest, Inc. (SKYW) Surges to 52-Week High, Is Now Top Performer

March 17, 2018 - By Hazel Jackson

Investors sentiment is 0.93 in Q3 2017. Its the same as in 2017Q2. It has no change, as 26 investors sold SkyWest, Inc. shares while 60 reduced holdings. only 20 funds opened positions while 60 raised stakes. 46.63 million shares or 2.02% more from 45.71 million shares in 2017Q2 were reported.
Prudential Fincl accumulated 493,003 shares. Oberweis Asset Management Inc holds 0.63% or 51,400 shares in its portfolio. Oppenheimer Asset Mngmt accumulated 3,201 shares. American Gp holds 40,325 shares. Dreman Value Mgmt L L C holds 0.24% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 10,062 shares. Moreover, Clarivest Asset Mngmt Limited Liability has 0.24% invested in SkyWest, Inc. (NASDAQ:SKYW). Phocas Corporation holds 291,746 shares. 21,369 were reported by Janney Montgomery Scott Ltd. Towle And reported 7.36% stake. Pub Sector Pension Invest Board owns 32,844 shares for 0.01% of their portfolio. Moreover, Regions Fincl has 0.01% invested in SkyWest, Inc. (NASDAQ:SKYW) for 11,262 shares. Ancora Advsrs Limited Liability Co stated it has 176,844 shares or 0.45% of all its holdings. Louisiana State Employees Retirement Sys, Louisiana-based fund reported 21,000 shares. Citigroup invested in 38,910 shares. Guggenheim Cap Ltd Llc reported 99,349 shares.

Since November 1, 2017, it had 0 buys, and 4 selling transactions for $2.85 million activity. $2.20M worth of SkyWest, Inc. (NASDAQ:SKYW) shares were sold by SIMMONS ROBERT J. Shares for $256,067 were sold by Woodward Eric. Shares for $324,800 were sold by Vais Terry on Tuesday, March 6.

The stock of SkyWest, Inc. (NASDAQ:SKYW) hit a new 52-week high and has $65.73 target or 9.00 % above today’s $60.30 share price. The 9 months bullish chart indicates low risk for the $3.12B company. The 1-year high was reported on Mar, 17 by If the $65.73 price target is reached, the company will be worth $281.07M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.73% or $1.6 during the last trading session, reaching $60.3. About 457,526 shares traded or 70.97% up from the average. SkyWest, Inc. (NASDAQ:SKYW) has risen 48.17% since March 17, 2017 and is uptrending. It has outperformed by 31.47% the S&P500.

Analysts await SkyWest, Inc. (NASDAQ:SKYW) to report earnings on April, 26. They expect $0.83 EPS, up 27.69 % or $0.18 from last year’s $0.65 per share. SKYW’s profit will be $42.99 million for 18.16 P/E if the $0.83 EPS becomes a reality. After $0.81 actual EPS reported by SkyWest, Inc. for the previous quarter, Wall Street now forecasts 2.47 % EPS growth.

SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage

Among 6 analysts covering SkyWest (NASDAQ:SKYW), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SkyWest had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Imperial Capital on Monday, August 3 with “In-Line”. The firm earned “Buy” rating on Friday, February 2 by Cowen & Co. The stock has “Strong Buy” rating by Raymond James on Thursday, April 13. As per Wednesday, October 21, the company rating was maintained by Cowen & Co. On Friday, October 28 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Monday, September 11. The stock of SkyWest, Inc. (NASDAQ:SKYW) has “Buy” rating given on Wednesday, January 24 by Raymond James. The rating was upgraded by Raymond James to “Outperform” on Wednesday, January 6. Raymond James maintained it with “Buy” rating and $60.0 target in Monday, December 11 report. On Friday, July 31 the stock rating was upgraded by Evercore to “Buy”.

More news for SkyWest, Inc. (NASDAQ:SKYW) were recently published by:, which released: “SkyWest, Inc. Reports Combined February 2018 Traffic for SkyWest Airlines and …” on March 08, 2018.‘s article titled: “Form 4 SKYWEST INC For: Mar 06 Filed by: SIMMONS ROBERT J” and published on March 08, 2018 is yet another important article.

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company has market cap of $3.12 billion. As of December 31, 2016, it provided scheduled passenger and air freight services with approximately 3,160 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean; and had a fleet of 652 aircraft. It has a 7.46 P/E ratio. The firm operates its flights as Delta Connection, United Express, American Eagle, or Alaska under code-share arrangements.

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