SkyWest, Inc. (NASDAQ:SKYW – Get Free Report) reached 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. The stock had previously closed at $95.92.
SkyWest Trading Up 1.5 %
The company has a 50 day moving average of $83.48 and a 200-day moving average of $79.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 22.62 and a beta of 1.95.
Hedge Funds Weigh In On SkyWest
Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. lifted its stake in 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 acquired a new position in SkyWest during the 2nd quarter worth about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SkyWest during the 2nd quarter worth about $54,000. CWM LLC lifted its stake 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 acquiring an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in SkyWest by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.
About SkyWest
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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