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

SkyWest, Inc. (NASDAQ:SKYW - Get Free Report) CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SkyWest Stock Up 1.4 %

Shares of SkyWest stock traded up $1.48 on Friday, hitting $110.27. 235,519 shares of the company traded hands, compared to its average volume of 387,427. The company has a 50-day moving average price of $109.05 and a 200 day moving average price of $96.52. 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 12-month low of $57.62 and a 12-month high of $135.57. The company has a market cap of $4.45 billion, a PE ratio of 14.19 and a beta of 1.98.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping 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 quarter last year, the business posted $0.42 earnings per share. Sell-side analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SKYW shares. TD Cowen lifted their price target on SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Raymond James reaffirmed 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, The Goldman Sachs Group restated a "neutral" rating and issued a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SKYW. NBC Securities Inc. increased 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 worth $31,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SkyWest during the third quarter worth $31,000. New Age Alpha Advisors LLC bought a new stake in SkyWest in the 4th quarter valued at $39,000. Headlands Technologies LLC bought a new stake in SkyWest in the 4th quarter valued at $45,000. Finally, Private Trust Co. NA increased 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 valued at $49,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

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.