SkyWest, Inc. (NASDAQ:SKYW) Director Ronald J. Mittelstaedt Sells 25,000 Shares

SkyWest, Inc. (NASDAQ:SKYW) Director Ronald J. Mittelstaedt sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the completion of the sale, the director now owns 11,283 shares of the company’s stock, valued at approximately $1,264,372.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SkyWest Price Performance

Shares of NASDAQ SKYW opened at $112.90 on Friday. The company has a fifty day moving average price of $88.06 and a 200 day moving average price of $81.22. The firm has a market cap of $4.55 billion, a PE ratio of 19.30 and a beta of 1.93. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95. SkyWest, Inc. has a 1-year low of $41.96 and a 1-year high of $115.03.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data 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. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same period in the prior year, the firm earned $0.55 earnings per share. SkyWest’s revenue for the quarter was up 19.1% compared to the same quarter last year. Research analysts predict that SkyWest, Inc. will post 7.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SkyWest

Several hedge funds have recently made changes to their positions in the business. NBC Securities Inc. lifted its position in shares of SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after purchasing an additional 342 shares in the last quarter. Kings Path Partners LLC bought a new stake in SkyWest during the 2nd quarter worth about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SkyWest during the 2nd quarter worth about $54,000. CWM LLC grew its holdings in shares of SkyWest by 57.3% in the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 292 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James boosted their target price on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen lifted their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.33.

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.