SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons Sells 8,890 Shares

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 8,890 shares of SkyWest stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $75.00, for a total value of $666,750.00. Following the transaction, the chief financial officer now owns 130,024 shares of the company’s stock, valued at approximately $9,751,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SkyWest Trading Up 2.0 %

Shares of SKYW stock opened at $75.05 on Friday. SkyWest, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $79.56. The firm has a market capitalization of $3.02 billion, a P/E ratio of 27.09 and a beta of 1.89. The stock’s fifty day moving average is $71.64 and its two-hundred day moving average is $60.01. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.72 and a current ratio of 0.81.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.21. SkyWest had a net margin of 3.83% and a return on equity of 5.45%. The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $800.07 million. During the same quarter in the prior year, the company earned ($0.45) EPS. SkyWest’s revenue was up 16.4% compared to the same quarter last year. Research analysts expect that SkyWest, Inc. will post 6.81 earnings per share for the current fiscal year.

Institutional Trading of SkyWest

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in shares of SkyWest in the fourth quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in shares of SkyWest in the 4th quarter valued at approximately $29,000. Strs Ohio purchased a new stake in shares of SkyWest in the 4th quarter valued at approximately $36,000. Transcendent Capital Group LLC acquired a new stake in shares of SkyWest during the 4th quarter worth approximately $52,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of SkyWest during the 4th quarter valued at approximately $57,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SKYW has been the topic of several analyst reports. Raymond James raised their target price on SkyWest from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $68.00 in a report on Monday, February 5th. StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Evercore ISI lifted their price objective on shares of SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, TheStreet upgraded SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.25.

SkyWest Company 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.