SkyWest Inc. (NASDAQ:SKYW)’s share price fell 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. The stock had previously closed at $27.27.

A number of equities analysts recently weighed in on SKYW shares. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 price target on shares of SkyWest in a report on Sunday, April 10th. Zacks Investment Research downgraded shares of SkyWest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Raymond James Financial Inc. raised shares of SkyWest from a “mkt perform” rating to an “outperform” rating in a report on Wednesday, June 1st. Finally, Cowen and Company boosted their price target 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 analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $28.40.

The company’s 50 day moving average is $27.12 and its 200-day moving average is $21.62. The firm has a market cap of $1.45 billion and a price-to-earnings ratio of 10.16.

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

In related news, COO Terry Vais sold 8,195 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $23.87, for a total value of $195,614.65. Following the transaction, the chief operating officer now directly owns 46,252 shares of the company’s stock, valued at approximately $1,104,035.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jerry C. Atkin sold 13,000 shares of the business’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 transaction, the director now directly owns 777,256 shares in the company, valued at $18,537,555.60. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in SKYW. Victory Capital Management Inc. acquired a new stake in SkyWest during the fourth quarter valued at approximately $18,217,000. Marshall Wace LLP increased its stake 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 period. Rhumbline Advisers increased its stake in SkyWest by 0.6% in the fourth quarter. Rhumbline Advisers now owns 84,035 shares of the company’s stock valued at $1,598,000 after buying an additional 505 shares during the period. Systematic Financial Management LP increased its stake 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 period. Finally, Nationwide Fund Advisors increased its stake in SkyWest by 84.5% in the fourth quarter. Nationwide Fund Advisors now owns 76,400 shares of the company’s stock valued at $1,453,000 after buying an additional 34,993 shares during the period.

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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