SkyWest, Inc. (NASDAQ:SKYW) COO Michael Thompson sold 5,868 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $47.08, for a total value of $276,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SkyWest, Inc. (SKYW) opened at $45.95 on Tuesday. SkyWest, Inc. has a 52-week low of $30.40 and a 52-week high of $48.45. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $2,379.57, a P/E ratio of 14.57 and a beta of 1.74.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.98 by $0.03. SkyWest had a return on equity of 14.87% and a net margin of 6.46%. The firm had revenue of $831.93 million during the quarter, compared to analysts’ expectations of $817.43 million. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. equities analysts predict that SkyWest, Inc. will post 3.32 EPS for the current fiscal year.

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Several research firms have recently weighed in on SKYW. Deutsche Bank AG upped their price objective on SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, November 9th. Imperial Capital upped their price objective on SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 31st. BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine cut SkyWest from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. SkyWest currently has a consensus rating of “Buy” and an average price target of $47.50.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its position in SkyWest by 108.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,488 shares during the last quarter. Riverhead Capital Management LLC raised its stake in SkyWest by 81.0% in the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after buying an additional 1,862 shares during the period. Ameritas Investment Partners Inc. raised its stake in SkyWest by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock valued at $156,000 after buying an additional 419 shares during the period. Pitcairn Co. bought a new stake in SkyWest in the third quarter valued at approximately $205,000. Finally, Envestnet Asset Management Inc. raised its stake in SkyWest by 218.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,069 shares of the transportation company’s stock valued at $223,000 after buying an additional 3,478 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

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.

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