SkyWest Inc. (NASDAQ:SKYW) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.42 and last traded at $29.40, with a volume of 203,005 shares traded. The stock had previously closed at $28.58.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of SkyWest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Raymond James Financial Inc. upgraded shares of SkyWest from a “mkt perform” rating to an “outperform” rating in a research report on Wednesday, June 1st. Cowen and Company raised their price objective on shares of SkyWest from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, April 29th. Finally, Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective on shares of SkyWest in a research report on Sunday, April 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. SkyWest presently has a consensus rating of “Buy” and a consensus price target of $23.43.

The firm’s 50 day moving average price is $26.44 and its 200-day moving average price is $21.05. The firm has a market capitalization of $1.50 billion and a P/E ratio of 11.18.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 30th were given a $0.05 dividend. This is a positive change from SkyWest’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, June 28th.

In other SkyWest news, Director Henry J. Eyring sold 6,267 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $11.49, for a total value of $72,007.83. Following the completion of the sale, the director now directly owns 35,549 shares of the company’s stock, valued at approximately $408,458.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jerry C. Atkin sold 13,000 shares of the company’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $23.85, for a total transaction of $310,050.00. Following the completion of the sale, the director now directly owns 777,256 shares of the company’s stock, valued at $18,537,555.60. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. KBC Group NV increased its stake in shares of SkyWest by 257.9% in the fourth quarter. KBC Group NV now owns 56,530 shares of the company’s stock worth $1,075,000 after buying an additional 40,737 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of SkyWest by 84.5% in the fourth quarter. Nationwide Fund Advisors now owns 76,400 shares of the company’s stock worth $1,453,000 after buying an additional 34,993 shares during the last quarter. Rhumbline Advisers increased its stake in shares of SkyWest by 0.6% in the fourth quarter. Rhumbline Advisers now owns 84,035 shares of the company’s stock worth $1,598,000 after buying an additional 505 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of SkyWest by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 95,719 shares of the company’s stock worth $1,821,000 after buying an additional 1,440 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of SkyWest by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 334,049 shares of the company’s stock worth $6,354,000 after buying an additional 4,548 shares during the last quarter.

Skywest, Inc is a holding company for approximately two scheduled passenger airline operations and an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and ExpressJet. SkyWest Airlines provides regional jet and turboprop service to airports located in the Midwestern and Western United States.

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