Greg Wooley Sells 14,545 Shares of SkyWest, Inc. (NASDAQ:SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

SkyWest Price Performance

Shares of SKYW opened at $96.65 on Friday. SkyWest, Inc. has a 1 year low of $59.92 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 12.44 and a beta of 1.98. The business has a 50-day moving average of $108.58 and a 200-day moving average of $97.53.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On SkyWest

Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in SkyWest in the third quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in SkyWest in the fourth quarter worth approximately $39,000. Headlands Technologies LLC bought a new stake in SkyWest in the fourth quarter worth approximately $45,000. Private Trust Co. NA increased its holdings in SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after purchasing an additional 300 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in SkyWest in the fourth quarter worth approximately $50,000. 81.30% of the stock is currently owned by institutional investors.

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.