SkyWest, Inc. (SKYW) Director Jerry C. Atkin Sells 110,000 Shares
SkyWest, Inc. (NASDAQ:SKYW) Director Jerry C. Atkin sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $48.10, for a total value of $5,291,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
SkyWest, Inc. (NASDAQ:SKYW) traded up $0.35 during midday trading on Monday, hitting $50.65. The stock had a trading volume of 270,356 shares, compared to its average volume of 341,153. SkyWest, Inc. has a 52-week low of $30.40 and a 52-week high of $51.00. The stock has a market capitalization of $2,630.00, a PE ratio of 15.97 and a beta of 1.74. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.09 and a current ratio of 1.24.
SkyWest (NASDAQ:SKYW) last released its earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.03. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The firm had revenue of $831.93 million for 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. equities research analysts expect that SkyWest, Inc. will post 3.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, December 28th. SkyWest’s payout ratio is currently -12.31%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, October 3rd. Cowen and Company boosted their target price on SkyWest from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Imperial Capital upped their price target on SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 31st. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 18th. Finally, BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.50.
Several large investors have recently made changes to their positions in SKYW. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of SkyWest by 81.0% during the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 1,862 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of SkyWest by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 419 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of SkyWest by 73.1% during the second quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Pitcairn Co. bought a new position in shares of SkyWest during the third quarter valued at $205,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.
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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