SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley Sells 14,545 Shares of Stock

SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

SkyWest Trading Up 0.1 %

SKYW opened at $101.01 on Friday. The business’s 50 day moving average price is $108.78 and its 200 day moving average price is $97.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market capitalization of $4.07 billion, a PE ratio of 13.00 and a beta of 1.98. SkyWest, Inc. has a one year low of $59.08 and a one year high of $135.57.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKYW. 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. Finally, Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

Institutional Trading of SkyWest

Institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its holdings in SkyWest by 297.1% during the 4th quarter. Mackenzie Financial Corp now owns 18,831 shares of the transportation company’s stock worth $1,886,000 after buying an additional 14,089 shares in the last quarter. Forum Financial Management LP raised its stake in shares of SkyWest by 7.5% in the fourth quarter. Forum Financial Management LP now owns 2,870 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 201 shares in the last quarter. Invst LLC boosted its holdings in SkyWest by 14.5% in the fourth quarter. Invst LLC now owns 6,187 shares of the transportation company’s stock valued at $619,000 after purchasing an additional 782 shares during the period. PharVision Advisers LLC acquired a new position in SkyWest during the 4th quarter worth $414,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in SkyWest by 1.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,057 shares of the transportation company’s stock worth $1,608,000 after purchasing an additional 193 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

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.