SkyWest (NASDAQ:SKYW) Director Meredith Siegfried Madden Sells 4,725 Shares

SkyWest, Inc. (NASDAQ:SKYW) Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total value of $503,401.50. Following the completion of the sale, the director owned 25,362 shares of the company’s stock, valued at $2,702,067.48. The trade was a 15.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SkyWest Stock Down 2.3%

Shares of SKYW stock traded down $2.40 on Monday, reaching $103.44. 515,242 shares of the company’s stock traded hands, compared to its average volume of 373,637. The company has a market capitalization of $4.15 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.79 and a beta of 1.63. SkyWest, Inc. has a 12-month low of $74.70 and a 12-month high of $135.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 0.71. The business’s 50 day moving average price is $99.53 and its two-hundred day moving average price is $105.35.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.25. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $2.16 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Institutional Trading of SkyWest

Several large investors have recently made changes to their positions in SKYW. Citigroup Inc. raised its stake in shares of SkyWest by 37.4% in the 1st quarter. Citigroup Inc. now owns 87,183 shares of the transportation company’s stock valued at $7,617,000 after acquiring an additional 23,719 shares in the last quarter. Invesco Ltd. grew its holdings in SkyWest by 4.0% during the first quarter. Invesco Ltd. now owns 564,732 shares of the transportation company’s stock valued at $49,341,000 after purchasing an additional 21,723 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of SkyWest by 57.8% in the first quarter. Russell Investments Group Ltd. now owns 42,886 shares of the transportation company’s stock valued at $3,747,000 after purchasing an additional 15,701 shares during the period. American Century Companies Inc. raised its position in shares of SkyWest by 8.3% in the first quarter. American Century Companies Inc. now owns 1,505,919 shares of the transportation company’s stock valued at $131,572,000 after purchasing an additional 115,619 shares during the period. Finally, Algert Global LLC increased its position in SkyWest by 501.4% in the 1st quarter. Algert Global LLC now owns 109,528 shares of the transportation company’s stock worth $9,569,000 after buying an additional 91,316 shares during the period. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SKYW shares. Cowen reiterated a “buy” rating on shares of SkyWest in a research note on Friday, October 31st. Zacks Research upgraded shares of SkyWest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Raymond James Financial raised shares of SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Wall Street Zen downgraded SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, TD Cowen raised their price target on SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SkyWest currently has an average rating of “Buy” and a consensus target price of $127.17.

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.