SkyWest Inc. (NASDAQ:SKYW)’s share price was down 1.5% during mid-day trading on Wednesday . The company traded as low as $26.67 and last traded at $26.86, with a volume of 313,422 shares traded. The stock had previously closed at $27.27.

A number of equities analysts have recently issued reports on SKYW shares. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday. Deutsche Bank AG increased their price objective on shares of SkyWest from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Raymond James Financial Inc. raised shares of SkyWest from a “mkt perform” rating to an “outperform” rating in a research report on Wednesday, June 1st. Finally, Cowen and Company upped their target price on shares of SkyWest from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $26.67.

The company’s 50 day moving average is $27.03 and its 200-day moving average is $21.58. The stock has a market capitalization of $1.38 billion and a PE ratio of 9.69.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.10. The firm earned $801.34 million during the quarter, compared to the consensus estimate of $764.04 million. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Equities research analysts forecast that SkyWest Inc. will post $2.64 earnings per share for the current year.

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

Other hedge funds and institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in shares of SkyWest during the fourth quarter valued at about $18,217,000. Marshall Wace LLP boosted its position in SkyWest by 1,013.8% in the fourth quarter. Marshall Wace LLP now owns 756,825 shares of the company’s stock valued at $14,395,000 after buying an additional 688,874 shares during the last quarter. KBC Group NV boosted its position in SkyWest by 257.9% in the fourth quarter. KBC Group NV now owns 56,530 shares of the company’s stock valued at $1,075,000 after buying an additional 40,737 shares during the last quarter. Systematic Financial Management LP boosted its position in SkyWest by 10.5% in the fourth quarter. Systematic Financial Management LP now owns 421,330 shares of the company’s stock valued at $8,013,000 after buying an additional 40,095 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in SkyWest by 9.2% in the fourth quarter. New York State Common Retirement Fund now owns 425,965 shares of the company’s stock valued at $8,102,000 after buying an additional 35,886 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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