BlackRock Amends SkyWest Stake, Files SC 13G/A on Dec 31 Holdings
Ticker: SKYW · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 793733
| Field | Detail |
|---|---|
| Company | Skywest Inc (SKYW) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, airline, passive-investing
TL;DR
**BlackRock just updated its SkyWest Inc. ownership, signaling its latest stake as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of SkyWest Inc. common stock as of December 31, 2023. This filing, Amendment No. 16, updates their previous disclosures regarding their stake in the airline company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal shifts in their investment strategy or outlook on SkyWest Inc.'s future performance.
Why It Matters
This filing shows BlackRock's updated ownership in SkyWest Inc., providing transparency on a significant institutional investor's position, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder in SkyWest Inc. and monitor future filings for any substantial changes in their reported ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- SkyWest Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- 830879102 (number) — the CUSIP number for SkyWest Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 16)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is SKYWEST INC, as clearly stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SKYWEST INC'.
What is the date of the event that required this filing?
The date of the event which requires the filing of this statement is December 31, 2023, as specified in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of SkyWest Inc. is 830879102, as listed under '(CUSIP Number) 830879102'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding SKYWEST INC (SKYW).