SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons Sells 6,000 Shares

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SkyWest Stock Performance

Shares of SKYW stock opened at $110.82 on Thursday. The company has a 50 day moving average price of $109.18 and a 200-day moving average price of $95.97. The firm has a market capitalization of $4.47 billion, a PE ratio of 14.26 and a beta of 1.98. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 52 week low of $57.15 and a 52 week high of $135.57.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period last year, the business posted $0.42 earnings per share. As a group, equities research analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Institutional Investors Weigh In On SkyWest

Several large investors have recently added to or reduced their stakes in the stock. ExodusPoint Capital Management LP purchased a new position in shares of SkyWest during the fourth quarter valued at approximately $6,322,000. Massachusetts Financial Services Co. MA increased its stake in shares of SkyWest by 13.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 59,322 shares of the transportation company’s stock valued at $5,940,000 after buying an additional 7,159 shares during the period. Headlands Technologies LLC bought a new stake in shares of SkyWest in the 4th quarter valued at about $45,000. Meeder Asset Management Inc. purchased a new stake in SkyWest during the fourth quarter worth $417,000. Finally, O Shaughnessy Asset Management LLC boosted its position in SkyWest by 29.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 48,217 shares of the transportation company’s stock valued at $4,828,000 after purchasing an additional 10,985 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SKYW has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research note on Friday, January 31st. Finally, TD Cowen boosted their target price on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

About SkyWest

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.