Insider Selling: SkyWest, Inc. (NASDAQ:SKYW) COO Sells 5,523 Shares of Stock

SkyWest, Inc. (NASDAQ:SKYW) COO Michael B. Thompson sold 5,523 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $60.19, for a total value of $332,429.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ SKYW traded up $1.94 during mid-day trading on Friday, hitting $62.22. The stock had a trading volume of 131,939 shares, compared to its average volume of 229,173. SkyWest, Inc. has a 52-week low of $42.38 and a 52-week high of $63.40. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 11.74 and a beta of 1.72. The company has a 50 day simple moving average of $57.57 and a 200 day simple moving average of $57.85. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.45.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.11. SkyWest had a return on equity of 15.47% and a net margin of 10.53%. The firm had revenue of $725.34 million during the quarter, compared to the consensus estimate of $736.71 million. During the same period last year, the business posted $1.43 EPS. SkyWest’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts anticipate that SkyWest, Inc. will post 6.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 27th. SkyWest’s payout ratio is currently 9.06%.

Several research firms recently weighed in on SKYW. ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. BidaskClub downgraded SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $72.00 price objective on shares of SkyWest in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. SkyWest currently has an average rating of “Buy” and a consensus price target of $67.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKYW. AdvisorNet Financial Inc increased its stake in SkyWest by 32.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,852 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 457 shares in the last quarter. C M Bidwell & Associates Ltd. increased its stake in SkyWest by 90.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,630 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 1,250 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in SkyWest in the 2nd quarter valued at approximately $176,000. 9258 Wealth Management LLC purchased a new position in SkyWest in the 2nd quarter valued at approximately $204,000. Finally, Magnus Financial Group LLC acquired a new stake in SkyWest during the 1st quarter valued at $213,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

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.

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

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