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

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

SkyWest Stock Performance

SKYW stock traded up $0.66 during trading on Wednesday, reaching $110.82. The company had a trading volume of 363,545 shares, compared to its average volume of 392,280. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 14.26 and a beta of 1.98. The firm has a 50-day simple moving average of $109.18 and a 200-day simple moving average of $95.97. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 0.78. SkyWest, Inc. has a twelve month low of $57.15 and a twelve month high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating 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 company earned $0.42 EPS. As a group, sell-side analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SkyWest

Several institutional investors and hedge funds have recently made changes to their positions in SKYW. Wilmington Savings Fund Society FSB bought a new position in shares of SkyWest in the third quarter worth $31,000. NBC Securities Inc. lifted its holdings in shares of SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of SkyWest during the fourth quarter valued at $39,000. Headlands Technologies LLC purchased a new stake in shares of SkyWest during the fourth quarter valued at $45,000. Finally, Private Trust Co. NA lifted its stake in SkyWest by 157.1% in the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after acquiring an additional 300 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

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.