Insider Selling: SkyWest, Inc. (NASDAQ:SKYW) CFO Sells $681,420.00 in Stock

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

SkyWest Price Performance

SkyWest stock opened at $110.27 on Friday. The stock’s 50 day moving average is $109.05 and its 200 day moving average is $96.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.76. The firm has a market cap of $4.45 billion, a P/E ratio of 14.19 and a beta of 1.98. SkyWest, Inc. has a one year low of $57.62 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data 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 period last year, the company earned $0.42 EPS. As a group, research analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Hedge Funds Weigh In On SkyWest

Several institutional investors have recently added to or reduced their stakes in SKYW. NBC Securities Inc. lifted its stake in SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after buying an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in SkyWest in the third quarter valued at approximately $31,000. New Age Alpha Advisors LLC acquired a new position in SkyWest in the fourth quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new position in SkyWest in the fourth quarter valued at approximately $45,000. Finally, Private Trust Co. NA lifted its stake in SkyWest by 157.1% in the fourth 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 period. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Raymond James restated an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a report on Friday, November 15th.

About SkyWest

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.