Wade Steel Sells 20,629 Shares of SkyWest (NASDAQ:SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) insider Wade Steel sold 20,629 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total value of $2,197,607.37. Following the transaction, the insider directly owned 77,438 shares in the company, valued at $8,249,470.14. This trade represents a 21.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SkyWest Trading Up 0.9%

SkyWest stock traded up $1.02 during mid-day trading on Thursday, reaching $108.71. 253,286 shares of the company traded hands, compared to its average volume of 277,343. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.65 and a quick ratio of 0.55. SkyWest, Inc. has a 52-week low of $74.70 and a 52-week high of $123.94. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.65. The firm’s 50 day moving average price is $102.01 and its 200 day moving average price is $103.78.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 29th. The transportation company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.04). SkyWest had a return on equity of 16.35% and a net margin of 10.56%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $993.12 million. During the same quarter last year, the business earned $2.34 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of SkyWest in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research cut SkyWest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Cantor Fitzgerald set a $122.00 price objective on SkyWest in a research report on Monday, January 26th. Finally, Citigroup assumed coverage on SkyWest in a research note on Thursday, December 4th. They set a “neutral” rating and a $112.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.83.

Institutional Trading of SkyWest

A number of large investors have recently made changes to their positions in SKYW. Transamerica Financial Advisors LLC boosted its holdings in SkyWest by 273.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock worth $27,000 after purchasing an additional 197 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of SkyWest in the third quarter worth $38,000. Elevation Point Wealth Partners LLC bought a new stake in shares of SkyWest in the second quarter worth $40,000. Johnson Financial Group Inc. purchased a new stake in SkyWest during the third quarter valued at $62,000. Finally, EverSource Wealth Advisors LLC boosted its position in SkyWest by 118.5% in the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after purchasing an additional 339 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Key Stories Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: Zacks highlights SkyWest’s fleet growth and rising earnings estimates, noting the carrier is accelerating E175 expansion toward ~300 jets by 2028 — a revenue-growth catalyst if regional contract demand continues. Here’s Why Investors Should Bet on SkyWest Stock Right Now
• Positive Sentiment: Technical momentum: recent Zacks notes that SKYW cleared both the 20-day and the 200-day moving averages — a bullish signal that can attract momentum and technical traders. SkyWest (SKYW) Just Overtook the 200-Day Moving Average
• Positive Sentiment: Zacks coverage also flags SkyWest as a strong momentum stock and discusses improving earnings estimate revisions — analyst sentiment and upgrades can support multiple buyers. Here’s Why SkyWest (SKYW) is a Strong Momentum Stock
• Neutral Sentiment: Positive local service development: multiple outlets report SkyWest’s inaugural flight to Barkley Regional landed successfully — a small but tangible network expansion that could add local revenue over time. The First SkyWest Airlines Flight Lands at Barkley Regional Airport
• Negative Sentiment: Operational hiccup: local reporting says the Barkley inaugural experienced a technical delay before service; while the flight ultimately landed, such issues can attract short-term scrutiny around operations and on-time metrics. Barkley Regional Airport inaugural flight sees technical delay
• Neutral Sentiment: Industry governance/IT risk story: an article about pilots allegedly hacking an airline system raises broader industry concerns over employee controls and data security — not specific to SkyWest but something investors may monitor for regulatory or reputational spillover. Airline Sues 2 Pilots After They Allegedly Hacked Computer System to Gain Coworkers’ Personal Information
• Positive Sentiment: Valuation/analyst angle: Zacks pieces are debating whether SKYW’s lower valuation represents a buying opportunity — that narrative can prompt value-oriented inflows if earnings estimates keep rising. Does SkyWest’s Lower Valuation Indicate a Buying Opportunity?

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.