Eric Woodward Sells 4,000 Shares of SkyWest, Inc. (NASDAQ:SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) CAO Eric Woodward sold 4,000 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the transaction, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at approximately $4,954,831.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SkyWest Stock Up 1.2 %

Shares of SKYW stock traded up $1.33 on Friday, hitting $112.90. The stock had a trading volume of 414,305 shares, compared to its average volume of 407,833. SkyWest, Inc. has a one year low of $41.96 and a one year high of $115.03. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.55 billion, a PE ratio of 19.30 and a beta of 1.93. The business has a 50 day moving average price of $87.36 and a 200 day moving average price of $80.88.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business had revenue of $912.79 million for the quarter, compared to the consensus estimate of $896.21 million. During the same period last year, the business posted $0.55 EPS. The business’s revenue was up 19.1% compared to the same quarter last year. Research analysts anticipate that SkyWest, Inc. will post 7.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SKYW. Raymond James raised their price target on SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.33.

Institutional Trading of SkyWest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 342 shares during the period. Kings Path Partners LLC purchased a new stake in SkyWest during the second quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SkyWest during the 2nd quarter worth about $54,000. CWM LLC grew its position in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 279 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of SkyWest by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

About SkyWest

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.