SkyWest, Inc. (NASDAQ:SKYW) Director Jerry C. Atkin sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $60.07, for a total value of $600,700.00. Following the sale, the director now directly owns 467,109 shares in the company, valued at approximately $28,059,237.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SkyWest stock traded up $1.94 during mid-day trading on Friday, hitting $62.22. 131,939 shares of the company’s stock were exchanged, compared to its average volume of 229,173. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.74 and a beta of 1.72. SkyWest, Inc. has a fifty-two week low of $42.38 and a fifty-two week high of $63.40. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.45. The company’s 50 day simple moving average is $57.57 and its 200-day simple moving average is $57.85.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.11. The business had revenue of $725.34 million for the quarter, compared to the consensus estimate of $736.71 million. SkyWest had a return on equity of 15.47% and a net margin of 10.53%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Research analysts expect that SkyWest, Inc. will post 6.18 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of SkyWest by 0.6% in the 1st quarter. BlackRock Inc. now owns 7,543,573 shares of the transportation company’s stock valued at $409,541,000 after purchasing an additional 44,690 shares during the period. Northern Trust Corp raised its stake in shares of SkyWest by 15.0% in the 2nd quarter. Northern Trust Corp now owns 814,355 shares of the transportation company’s stock valued at $49,407,000 after purchasing an additional 106,262 shares during the period. Wells Fargo & Company MN raised its stake in shares of SkyWest by 11.3% in the 2nd quarter. Wells Fargo & Company MN now owns 798,247 shares of the transportation company’s stock valued at $48,431,000 after purchasing an additional 80,725 shares during the period. Rothschild & Co. Asset Management US Inc. raised its stake in shares of SkyWest by 1.6% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 764,062 shares of the transportation company’s stock valued at $46,356,000 after purchasing an additional 11,680 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of SkyWest by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 595,894 shares of the transportation company’s stock valued at $26,499,000 after purchasing an additional 50,969 shares during the period. 90.34% of the stock is currently owned by institutional investors and hedge funds.
SKYW has been the topic of several research analyst reports. BidaskClub downgraded SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $72.00 price objective on shares of SkyWest in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. SkyWest has an average rating of “Buy” and an average target price of $67.63.
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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