Insider Selling: SkyWest, Inc. (SKYW) COO Sells 5,800 Shares of Stock
SkyWest, Inc. (NASDAQ:SKYW) COO Terry Vais sold 5,800 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $56.00, for a total transaction of $324,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of SkyWest, Inc. (SKYW) opened at $57.95 on Friday. SkyWest, Inc. has a 52 week low of $30.40 and a 52 week high of $58.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.07 and a current ratio of 1.21. The stock has a market capitalization of $3,000.88, a P/E ratio of 16.94 and a beta of 1.74.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. The business had revenue of $797.20 million during the quarter, compared to analysts’ expectations of $778.13 million. During the same period in the prior year, the business earned $0.54 EPS. SkyWest’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts anticipate that SkyWest, Inc. will post 4.39 earnings per share for the current year.
A number of analysts recently issued reports on the company. Cowen increased their target price on SkyWest from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Raymond James Financial increased their target price on SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. BidaskClub raised SkyWest from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Finally, ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. SkyWest has an average rating of “Buy” and a consensus price target of $56.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio grew its stake in shares of SkyWest by 450.0% during the 4th quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock worth $175,000 after acquiring an additional 2,700 shares in the last quarter. HBK Investments L P bought a new position in shares of SkyWest during the 4th quarter worth approximately $218,000. Suntrust Banks Inc. bought a new position in shares of SkyWest during the 4th quarter worth approximately $218,000. Teacher Retirement System of Texas bought a new position in shares of SkyWest during the 4th quarter worth approximately $234,000. Finally, Pitcairn Co. bought a new position in shares of SkyWest during the 3rd quarter worth approximately $205,000. 90.33% of the stock is owned by institutional investors.
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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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