SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons Sells 16,094 Shares

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 16,094 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.17, for a total transaction of $1,209,785.98. Following the sale, the chief financial officer now directly owns 138,914 shares of the company’s stock, valued at approximately $10,442,165.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SkyWest Stock Performance

Shares of NASDAQ SKYW traded up $1.45 during midday trading on Friday, reaching $75.05. The company had a trading volume of 238,693 shares, compared to its average volume of 321,724. The business’s 50-day simple moving average is $71.64 and its 200 day simple moving average is $59.90. The stock has a market cap of $3.02 billion, a P/E ratio of 27.09 and a beta of 1.89. SkyWest, Inc. has a 1 year low of $28.55 and a 1 year high of $79.56. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.10.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. SkyWest had a net margin of 3.83% and a return on equity of 5.45%. The firm had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $800.07 million. During the same quarter last year, the company posted ($0.45) earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. On average, analysts forecast that SkyWest, Inc. will post 6.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SKYW shares. TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. Raymond James increased their target price on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI increased their target price on shares of SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $68.00 in a research report on Monday, February 5th. Finally, StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, SkyWest has a consensus rating of “Moderate Buy” and a consensus price target of $62.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its position in SkyWest by 16.4% during the third quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock valued at $30,241,000 after buying an additional 101,459 shares during the period. Seven Eight Capital LP acquired a new stake in SkyWest during the third quarter valued at $833,000. Anchor Capital Advisors LLC grew its position in SkyWest by 13.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 26,618 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 3,172 shares during the period. QRG Capital Management Inc. grew its position in SkyWest by 91.1% during the fourth quarter. QRG Capital Management Inc. now owns 13,662 shares of the transportation company’s stock valued at $713,000 after buying an additional 6,513 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in SkyWest during the third quarter valued at $1,115,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

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.