SkyWest (NASDAQ:SKYW - Free Report) had its price target lowered by Raymond James from $130.00 to $125.00 in a research note released on Wednesday, MarketBeat reports. Raymond James currently has an outperform rating on the transportation company's stock.
SkyWest Stock Down 2.7 %
Shares of SKYW stock traded down $2.13 during trading hours on Wednesday, reaching $78.10. 234,564 shares of the stock were exchanged, compared to its average volume of 394,849. The business's fifty day moving average is $98.92 and its two-hundred day moving average is $100.90. The firm has a market capitalization of $3.17 billion, a P/E ratio of 10.05 and a beta of 1.83. SkyWest has a 12-month low of $64.61 and a 12-month high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68.
SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $0.42 EPS. As a group, research analysts expect that SkyWest will post 9.01 EPS for the current fiscal year.
Insider Transactions at SkyWest
In other SkyWest news, VP Greg Wooley sold 14,545 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares in the company, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of 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 disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.
Institutional Trading of SkyWest
Several institutional investors and hedge funds have recently bought and sold shares of SKYW. Wealthfront Advisers LLC purchased a new stake in shares of SkyWest in the fourth quarter valued at about $146,935,000. American Century Companies Inc. lifted its position in SkyWest by 7.5% during the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock worth $139,211,000 after acquiring an additional 97,108 shares during the period. Geode Capital Management LLC grew its stake in shares of SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company's stock valued at $81,697,000 after purchasing an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SkyWest by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock valued at $71,028,000 after purchasing an additional 26,561 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of SkyWest by 4.2% in the fourth quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock valued at $54,371,000 after purchasing an additional 21,637 shares during the period. Hedge funds and other institutional investors own 81.30% of the company's stock.
SkyWest Company Profile
(
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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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