Kopernik Global Investors Lowers stake in SkyWest (SKYW)

SkyWest (SKYW) : Kopernik Global Investors reduced its stake in SkyWest by 67.91% during the most recent quarter end. The investment management company now holds a total of 625,118 shares of SkyWest which is valued at $17,497,053 after selling 1,322,851 shares in SkyWest , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.SkyWest makes up approximately 2.89% of Kopernik Global Investors’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in SKYW in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 139 shares of SkyWest which is valued at $3,975.Lebenthal Lisanti Capital Growth reduced its stake in SKYW by selling 14,160 shares or 54.89% in the most recent quarter. The Hedge Fund company now holds 11,635 shares of SKYW which is valued at $326,944. SkyWest makes up approx 0.45% of Lebenthal Lisanti Capital Growth’s portfolio. Hanseatic Management Services Inc added SKYW to its portfolio by purchasing 134 company shares during the most recent quarter which is valued at $3,765.Strs Ohio reduced its stake in SKYW by selling 5,100 shares or 11.75% in the most recent quarter. The Hedge Fund company now holds 38,300 shares of SKYW which is valued at $1,114,147.Nordea Investment Management Ab reduced its stake in SKYW by selling 1,300 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 106,700 shares of SKYW which is valued at $3,032,414. SkyWest makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.

SkyWest opened for trading at $27.71 and hit $28.23 on the upside on Wednesday, eventually ending the session at $28.22, with a gain of 1.55% or 0.43 points. The heightened volatility saw the trading volume jump to 2,82,958 shares. Company has a market cap of $1,454 M.

On the company’s financial health, SkyWest reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.67. The company had revenue of $801.34 million for the quarter, compared to analysts expectations of $763.73 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Skywest Inc. is a holding company for two North American regional airlines. The Company through its subsidiaries SkyWest Airlines Inc. and ExpressJet Airlines Inc. offers scheduled passenger service with approximately 3600 daily departures to destinations in the United States Canada Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Company’s flights are operated as Delta Connection United Express US Airways Express American Eagle and Alaska. As of December 31 2014 its consolidated fleet consisted of a total of 749 aircrafts of which 425 were assigned to United 239 were assigned to Delta 29 were assigned to American 15 were assigned to US Airways nine were assigned to Alaska two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.

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