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 SkyWest stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SkyWest Price Performance

SkyWest stock opened at $108.79 on Friday. SkyWest, Inc. has a 52 week low of $57.62 and a 52 week high of $135.57. The company’s 50 day moving average price is $109.13 and its two-hundred day moving average price is $96.08. The stock has a market cap of $4.39 billion, a P/E ratio of 14.00 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 (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter last year, the company earned $0.42 EPS. On average, equities analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Hedge Funds Weigh In On SkyWest

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in SkyWest by 259.8% during the third quarter. CWM LLC now owns 2,756 shares of the transportation company’s stock worth $234,000 after buying an additional 1,990 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of SkyWest by 72.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,453 shares of the transportation company’s stock valued at $804,000 after acquiring an additional 3,970 shares during the period. Creative Planning increased its stake in shares of SkyWest by 1.3% during the 3rd quarter. Creative Planning now owns 54,324 shares of the transportation company’s stock worth $4,619,000 after purchasing an additional 690 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of SkyWest by 1,368.0% in the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after purchasing an additional 342 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in SkyWest by 658.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,073 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 4,404 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.