Eric Woodward Sells 4,000 Shares of SkyWest, Inc. (NASDAQ:SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) CAO Eric Woodward sold 4,000 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares in the company, valued at approximately $4,954,831.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SkyWest Stock Up 1.2 %

NASDAQ:SKYW traded up $1.33 during mid-day trading on Friday, hitting $112.90. The stock had a trading volume of 414,305 shares, compared to its average volume of 407,833. SkyWest, Inc. has a twelve month low of $41.96 and a twelve month high of $115.03. The stock has a 50-day simple moving average of $87.36 and a two-hundred day simple moving average of $80.88. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $4.55 billion, a PE ratio of 19.30 and a beta of 1.93.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The business had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts anticipate that SkyWest, Inc. will post 7.16 EPS for the current year.

Institutional Investors Weigh In On SkyWest

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP boosted its position in shares of SkyWest by 123.0% in the 3rd quarter. Royce & Associates LP now owns 15,571 shares of the transportation company’s stock valued at $1,324,000 after purchasing an additional 8,587 shares during the period. GSA Capital Partners LLP acquired a new stake in SkyWest during the 3rd quarter worth $371,000. Assetmark Inc. grew its position in SkyWest by 12.4% during the 3rd quarter. Assetmark Inc. now owns 19,324 shares of the transportation company’s stock worth $1,643,000 after purchasing an additional 2,138 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in SkyWest in the third quarter valued at $628,000. Finally, Summit Global Investments acquired a new stake in shares of SkyWest during the third quarter worth about $539,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SKYW. Raymond James lifted their target price on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised their target price on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, SkyWest currently has an average rating of “Moderate Buy” and an average price target of $101.33.

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.