Xponance Inc. acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 2,517 shares of the transportation company’s stock, valued at approximately $207,000.
Other institutional investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new position in SkyWest during the 1st quarter worth $520,000. Boston Partners acquired a new position in SkyWest during the 1st quarter worth $1,275,000. Janney Montgomery Scott LLC bought a new position in shares of SkyWest in the first quarter worth $1,448,000. Nicholas Investment Partners LP increased its holdings in shares of SkyWest by 82.9% during the second quarter. Nicholas Investment Partners LP now owns 188,272 shares of the transportation company’s stock valued at $15,451,000 after purchasing an additional 85,356 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of SkyWest during the second quarter valued at about $520,000. 81.30% of the stock is currently owned by institutional investors.
SkyWest Stock Performance
Shares of SKYW opened at $84.73 on Thursday. The firm has a market capitalization of $3.40 billion, a PE ratio of 30.59 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $76.90 and a 200 day moving average price of $76.08. SkyWest, Inc. has a 52-week low of $36.91 and a 52-week high of $87.86.
SkyWest 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.
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