Company shares last traded at $41.00 which is significantly above the 50 day moving average of $36.23 and which is well above the 200 day moving average of $35.67. The 50 day moving average was up $4.77 or +13.17% and the 200 day average moved up $5.33. 562K shares changed hands on Wednesday. Volume was up 89.06% over the stocks average daily volume.
Traders are a little more bullish of late as evidenced by the change in short interest. The company realized a fall in short interest of -2.16% as of August 31, 2017 from the last reporting period. Short interest fell from 889,144 to 869,971 over that period. With short interest at 869,971 and short average daily volume at 324,815, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.02% on August 31.
These firms have modified their investment in SKYW. As of the end of the quarter Vident Investment Advisory, LLC had disposed of 7,454 shares trimming its stake by 10.1%. The value in dollars went from $2,535,000 to $2,336,000 a change of 7.9% quarter over quarter. Lombardia Capital Partners LLC cut its ownership by selling 3,389 shares a decrease of 12.9%. Lombardia Capital Partners LLC controls 22,800 shares worth $781,000. The total value of its holdings increased 12.9%.
As of quarter end Ubs Group Ag had bought a total of 528 shares growing its holdings by 31.6%. The value of the investment in SkyWest, Inc. increased from $57,000 to $77,000 a change of $20,000 for the reporting period. Monarch Partners Asset Management LLC downsized its position by shedding 169,790 shares a decrease of 34.5% as of 06/30/2017. Monarch Partners Asset Management LLC now holds 322,800 shares valued at $11,330,000. The value of the position overall is down by 32.8%.
The company is so far trading unchanged from yesterday’s close of 41.00. Additionally the company recently declared a dividend for shareholders that was paid on Fri Jul 7, 2017. The dividend payment was $0.080 per share for the quarter or $0.32 annualized. This dividend represents a yield of $0.80. The ex-dividend date was Wednesday the 28th of June 2017.
In the latest earnings report the EPS was $-2.78 and is expected to be $3.25 for the current year with 51,840,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.68 and the next full year EPS is anticipated to be $3.71.
SkyWest, Inc., launched on March 2, 1972, through its subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet), operates regional airline operations in the United States. The Business’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. As of December 31, 2016, the Company offered scheduled passenger service with approximately 3,160 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Business’s flights are operated as Delta Connection, United Express, American Eagle or Alaska Airlines..