SkyWest, Inc. (NASDAQ:SKYW) VP Sells $1,537,842.85 in Stock

SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley sold 14,545 shares of the company’s stock in a transaction on 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 sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This represents 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 link.

SkyWest Stock Performance

SkyWest stock traded up $0.07 during mid-day trading on Thursday, reaching $101.01. The company had a trading volume of 578,865 shares, compared to its average volume of 404,241. SkyWest, Inc. has a 52 week low of $59.08 and a 52 week high of $135.57. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 13.00 and a beta of 1.98. 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 company has a 50 day moving average of $108.78 and a 200-day moving average of $97.15.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 previous year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On SkyWest

A number of hedge funds have recently made changes to their positions in SKYW. Wealthfront Advisers LLC acquired a new position in shares of SkyWest in the 4th quarter valued at $146,935,000. Norges Bank acquired a new position in shares of SkyWest in the 4th quarter valued at $23,851,000. Arrowstreet Capital Limited Partnership raised its stake in shares of SkyWest by 57.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company’s stock valued at $52,641,000 after buying an additional 192,543 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of SkyWest by 1,999.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 158,248 shares of the transportation company’s stock valued at $15,845,000 after buying an additional 150,711 shares in the last quarter. Finally, FMR LLC increased its position in shares of SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after purchasing an additional 143,661 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

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.