Key Points
- Director Meredith Siegfried Madden sold 4,725 shares on Dec. 11 at an average of $106.54 for total proceeds of $503,401.50, cutting her ownership by 15.7% to 25,362 shares (worth about $2.70M).
- SkyWest recently beat quarterly estimates (EPS $2.81 vs. $2.56; revenue $1.05B), trades near $103.44 with a market cap of ~$4.15B and a P/E of ~9.9, and carries an average analyst rating of Buy with a $127.17 price target.
SkyWest, Inc. (NASDAQ:SKYW - Get Free Report) Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $106.54, for a total value of $503,401.50. Following the sale, the director directly owned 25,362 shares of the company's stock, valued at $2,702,067.48. The trade was a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
SkyWest Trading Down 2.3%
NASDAQ:SKYW opened at $103.44 on Tuesday. SkyWest, Inc. has a 12-month low of $74.70 and a 12-month high of $135.57. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.70. The stock's 50 day simple moving average is $99.60 and its 200-day simple moving average is $105.36. The firm has a market cap of $4.15 billion, a P/E ratio of 9.87, a PEG ratio of 0.79 and a beta of 1.63.
SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.25. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. SkyWest had a net margin of 10.92% and a return on equity of 17.14%. SkyWest's quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $2.16 EPS. Equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.
Institutional Investors Weigh In On SkyWest
Several institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of SkyWest by 3.0% in the third quarter. American Century Companies Inc. now owns 1,612,098 shares of the transportation company's stock worth $162,209,000 after acquiring an additional 46,744 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of SkyWest by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,009,759 shares of the transportation company's stock valued at $103,992,000 after acquiring an additional 19,521 shares during the last quarter. SW Investment Management LLC raised its stake in SkyWest by 5.9% during the second quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company's stock worth $92,673,000 after purchasing an additional 50,000 shares during the period. Invesco Ltd. boosted its holdings in SkyWest by 1.5% in the second quarter. Invesco Ltd. now owns 573,074 shares of the transportation company's stock valued at $59,009,000 after acquiring an additional 8,342 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of SkyWest by 1.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 548,682 shares of the transportation company's stock worth $55,208,000 after purchasing an additional 7,862 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SKYW. Cantor Fitzgerald set a $132.00 price target on shares of SkyWest in a report on Friday, October 31st. TD Cowen increased their target price on SkyWest from $124.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, October 31st. Wall Street Zen cut SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Cowen reaffirmed a "buy" rating on shares of SkyWest in a report on Friday, October 31st. Finally, Raymond James Financial raised SkyWest from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $127.17.
Get Our Latest Research Report on SKYW
SkyWest Company Profile
(
Get Free Report)
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.
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