SkyWest, Inc. (NASDAQ:SKYW) Director Sells $598,361.40 in Stock

SkyWest, Inc. (NASDAQ:SKYWGet Free Report) Director James L. Welch sold 7,605 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $78.68, for a total value of $598,361.40. Following the transaction, the director now owns 48,462 shares of the company’s stock, valued at $3,812,990.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

SkyWest Stock Performance

Shares of SkyWest stock opened at $77.96 on Friday. The business has a 50-day moving average of $74.04 and a 200 day moving average of $62.94. SkyWest, Inc. has a 12 month low of $36.58 and a 12 month high of $84.58. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 28.14 and a beta of 1.92. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72.

SkyWest (NASDAQ:SKYWGet Free Report) 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. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $800.07 million. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) EPS. As a group, sell-side analysts forecast that SkyWest, Inc. will post 6.83 earnings per share for the current year.

Hedge Funds Weigh In On SkyWest

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners purchased a new position in shares of SkyWest in the 1st quarter valued at about $1,275,000. Cetera Investment Advisers acquired a new stake in shares of SkyWest during the 1st quarter worth about $1,853,000. Bridgeway Capital Management LLC raised its position in shares of SkyWest by 1.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 361,213 shares of the transportation company’s stock worth $24,953,000 after acquiring an additional 4,813 shares in the last quarter. Caxton Associates LP raised its position in shares of SkyWest by 445.8% during the 1st quarter. Caxton Associates LP now owns 37,501 shares of the transportation company’s stock worth $2,591,000 after acquiring an additional 30,630 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of SkyWest by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,717 shares of the transportation company’s stock worth $1,846,000 after acquiring an additional 1,559 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SKYW. TD Cowen increased their price target on SkyWest from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Evercore ISI increased their price target on SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Check Out Our Latest Research Report on SkyWest

SkyWest Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for SkyWest (NASDAQ:SKYW)

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