Russell A. Childs Sells 1,766 Shares of SkyWest, Inc. (SKYW) Stock
SkyWest, Inc. (NASDAQ:SKYW) CEO Russell A. Childs sold 1,766 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $47.22, for a total value of $83,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
SkyWest (NASDAQ:SKYW) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The firm had revenue of $831.93 million during the quarter, compared to analysts’ expectations of $817.43 million. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 29th were given a $0.08 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. SkyWest’s dividend payout ratio (DPR) is presently -12.26%.
A number of equities research analysts have commented on SKYW shares. BidaskClub cut SkyWest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. ValuEngine cut SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 4th. Cowen and Company raised their price objective on SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, October 2nd. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Deutsche Bank AG raised their price objective on SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.00.
Several hedge funds and other institutional investors have recently made changes to their positions in SKYW. Oppenheimer Asset Management Inc. boosted its position in shares of SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,488 shares during the period. Riverhead Capital Management LLC boosted its position in shares of SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 1,862 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of SkyWest by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 419 shares during the period. Flinton Capital Management LLC boosted its position in shares of SkyWest by 73.1% in the 2nd quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,312 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of SkyWest in the 2nd quarter valued at about $240,000. 89.43% of the stock is owned by hedge funds and other institutional investors.
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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