Insider Selling: SkyWest, Inc. (NASDAQ:SKYW) CEO Sells 17,853 Shares of Stock

SkyWest, Inc. (NASDAQ:SKYW) CEO Russell A. Childs sold 17,853 shares of SkyWest stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $60.39, for a total transaction of $1,078,142.67. The sale was disclosed in a document filed with the SEC, which is available at this link.

Russell A. Childs also recently made the following trade(s):

  • On Tuesday, June 11th, Russell A. Childs sold 19,170 shares of SkyWest stock. The stock was sold at an average price of $60.99, for a total transaction of $1,169,178.30.

SKYW stock traded down $0.82 during mid-day trading on Friday, hitting $59.99. The company had a trading volume of 152,301 shares, compared to its average volume of 245,070. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.38 and a beta of 1.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.71 and a current ratio of 0.83. SkyWest, Inc. has a 12 month low of $42.38 and a 12 month high of $65.80.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. SkyWest had a net margin of 9.94% and a return on equity of 15.23%. The business had revenue of $723.69 million for the quarter, compared to analyst estimates of $693.32 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts forecast that SkyWest, Inc. will post 6.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.80%. SkyWest’s dividend payout ratio is presently 9.06%.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of SkyWest by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 6,338,468 shares of the transportation company’s stock valued at $373,336,000 after purchasing an additional 95,262 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of SkyWest by 20.7% in the 4th quarter. Rhumbline Advisers now owns 151,259 shares of the transportation company’s stock valued at $6,726,000 after purchasing an additional 25,922 shares in the last quarter. M&T Bank Corp boosted its stake in shares of SkyWest by 13.4% in the 4th quarter. M&T Bank Corp now owns 5,781 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 685 shares in the last quarter. Comerica Bank boosted its stake in shares of SkyWest by 27.0% in the 4th quarter. Comerica Bank now owns 65,013 shares of the transportation company’s stock valued at $3,239,000 after purchasing an additional 13,841 shares in the last quarter. Finally, Intrust Bank NA boosted its stake in shares of SkyWest by 52.9% in the 4th quarter. Intrust Bank NA now owns 5,541 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 1,918 shares in the last quarter. 90.48% of the stock is owned by institutional investors and hedge funds.

SKYW has been the topic of several analyst reports. BidaskClub cut shares of SkyWest from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Stifel Nicolaus initiated coverage on shares of SkyWest in a report on Monday, April 15th. They set a “buy” rating and a $68.00 price target on the stock. ValuEngine cut shares of SkyWest from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Imperial Capital restated an “outperform” rating and set a $74.00 price target (up from $69.00) on shares of SkyWest in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.75.

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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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