SkyWest (NASDAQ:SKYW - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
Separately, Raymond James decreased their price target on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd.
Read Our Latest Stock Report on SkyWest
SkyWest Stock Up 1.4 %
SKYW stock traded up $1.09 during trading on Thursday, hitting $80.73. 253,953 shares of the company's stock traded hands, compared to its average volume of 396,129. The firm has a market capitalization of $3.28 billion, a P/E ratio of 10.32 and a beta of 1.83. SkyWest has a 1 year low of $64.61 and a 1 year high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $98.24 and a two-hundred day simple moving average of $100.89.
SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $0.42 earnings per share. Sell-side analysts anticipate that SkyWest will post 9.01 EPS for the current year.
Insider Buying and Selling at SkyWest
In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares of the company's stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was 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 owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Institutional Trading of SkyWest
Large investors have recently made changes to their positions in the business. Wealthfront Advisers LLC acquired a new position in SkyWest during the fourth quarter valued at $146,935,000. American Century Companies Inc. lifted its holdings in shares of SkyWest by 7.5% in the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock valued at $139,211,000 after buying an additional 97,108 shares during the period. Geode Capital Management LLC boosted its stake in shares of SkyWest by 0.7% in the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company's stock worth $81,697,000 after buying an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SkyWest by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock worth $71,028,000 after buying an additional 26,561 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in SkyWest by 4.2% during the fourth quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock worth $54,371,000 after acquiring an additional 21,637 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.
SkyWest Company Profile
(
Get Free Report)
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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