SkyWest, Inc. (SKYW) COO Sells $622,104.00 in Stock
SkyWest, Inc. (NASDAQ:SKYW) COO Terry Vais sold 12,075 shares of SkyWest stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $51.52, for a total value of $622,104.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of SkyWest, Inc. (NASDAQ SKYW) traded down $1.25 during trading hours on Friday, reaching $50.80. 370,199 shares of the company were exchanged, compared to its average volume of 338,914. The company has a market capitalization of $2,700.00, a P/E ratio of 16.13 and a beta of 1.74. SkyWest, Inc. has a 52 week low of $30.40 and a 52 week high of $52.95. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. The company had revenue of $831.93 million during the quarter, compared to the consensus estimate of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. SkyWest’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. equities analysts anticipate that SkyWest, Inc. will post 3.32 earnings per share for the current fiscal year.
SKYW has been the subject of several recent analyst reports. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, November 9th. Deutsche Bank boosted their target price on SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub lowered SkyWest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine lowered SkyWest from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 4th. Finally, Cowen boosted their target price on SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. SkyWest currently has a consensus rating of “Buy” and an average target price of $48.33.
A number of large investors have recently modified their holdings of the stock. Amalgamated Bank grew its holdings in SkyWest by 1.6% in the second quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock worth $243,000 after purchasing an additional 110 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of SkyWest by 1.5% during the second quarter. SG Americas Securities LLC now owns 9,262 shares of the transportation company’s stock valued at $325,000 after buying an additional 133 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of SkyWest by 1.2% during the second quarter. Stifel Financial Corp now owns 18,898 shares of the transportation company’s stock valued at $662,000 after buying an additional 224 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of SkyWest by 0.6% during the second quarter. Texas Permanent School Fund now owns 37,774 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 236 shares during the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of SkyWest by 3.5% during the second quarter. Suntrust Banks Inc. now owns 8,419 shares of the transportation company’s stock valued at $295,000 after buying an additional 286 shares during the last quarter. 90.94% of the stock is owned by institutional investors.
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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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