Insider Selling: SkyWest, Inc. (NASDAQ:SKYW) CFO Sells 6,000 Shares of Stock

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

SkyWest Stock Up 0.6 %

SkyWest stock opened at $110.82 on Thursday. SkyWest, Inc. has a 1-year low of $57.15 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.76. The stock’s 50 day moving average price is $109.18 and its 200 day moving average price is $95.97. The company has a market cap of $4.47 billion, a PE ratio of 14.26 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, sell-side analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Institutional Trading of SkyWest

Institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its holdings in shares of SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after buying an additional 98 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock worth $1,953,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock worth $951,000 after acquiring an additional 100 shares during the last quarter. Highland Capital Management LLC boosted its position in SkyWest by 6.1% during the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 160 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after acquiring an additional 196 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SKYW has been the topic of several recent research reports. TD Cowen boosted their price target on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Raymond James restated an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th.

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.