Robert J. Simmons Sells 6,000 Shares of SkyWest, Inc. (NASDAQ:SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SkyWest Trading Up 1.4 %

Shares of SkyWest stock opened at $110.27 on Friday. The stock has a fifty day simple moving average of $109.05 and a 200 day simple moving average of $96.38. SkyWest, Inc. has a 12-month low of $57.62 and a 12-month high of $135.57. The company has a market capitalization of $4.45 billion, a P/E ratio of 14.19 and a beta of 1.98. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 quarter in the prior year, the company earned $0.42 earnings per share. On average, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKYW has been the topic of a number of research reports. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. TD Cowen upped their target price on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new position in SkyWest in the 4th quarter valued at $146,935,000. American Century Companies Inc. grew its stake in 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 purchasing an additional 97,108 shares during the period. Geode Capital Management LLC grew its stake in SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after purchasing an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SkyWest by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company’s stock valued at $71,028,000 after purchasing an additional 26,561 shares during the period. Finally, Invesco Ltd. grew its stake in SkyWest by 4.2% in the 4th quarter. Invesco Ltd. now owns 543,009 shares of the transportation company’s stock valued at $54,371,000 after purchasing an additional 21,637 shares during the period. Institutional investors 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.