SkyWest, Inc. (NASDAQ:SKYW) insider Wade J. Steel sold 4,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $47.00, for a total transaction of $211,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.98 by $0.03. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The company had revenue of $831.93 million for the quarter, compared to analysts’ expectations of $817.43 million. During the same period last year, the firm posted $0.90 earnings per share. SkyWest’s revenue was up 4.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 29th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.68%. SkyWest’s payout ratio is -12.26%.

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A number of equities analysts recently weighed in on the stock. Imperial Capital boosted their price target on shares of SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a report on Tuesday. Zacks Investment Research downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Cowen and Company boosted their price target on shares of SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. Deutsche Bank AG boosted their price target on shares of SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. SkyWest currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Large investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its position in SkyWest by 108.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,488 shares during the last quarter. Riverhead Capital Management LLC boosted its position in SkyWest by 81.0% in the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after purchasing an additional 1,862 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in SkyWest by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock worth $156,000 after purchasing an additional 419 shares during the last quarter. Flinton Capital Management LLC boosted its position in SkyWest by 73.1% in the second quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in SkyWest in the second quarter worth about $240,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Company Profile

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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