2 weeks Ago By Defense World Staff
SkyWest (NASDAQ:SKYW – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.Separately, Raymond James cut their target price on SkyWest from $130.
00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday.View Our Latest Stock Analysis on SKYWSkyWest Price PerformanceShares of NASDAQ:SKYW opened at $80.
23 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.
68 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.
26 billion, a PE ratio of 10.33 and a beta of 2.00.
The stock’s fifty day simple moving average is $98.92 and its two-hundred day simple moving average is $100.60.
SkyWest has a 1-year low of $64.61 and a 1-year high of $135.57.
SkyWest (NASDAQ:SKYW – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
75 by $0.59. SkyWest had a net margin of 9.
15% and a return on equity of 14.17%. During the same quarter last year, the company earned $0.
42 EPS. As a group, analysts forecast that SkyWest will post 9.01 EPS for the current fiscal year.
Insider Buying and SellingIn other SkyWest news, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.
85. Following the completion of the sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01.
This trade represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Also, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.
57, for a total value of $681,420.00. Following the completion of the sale, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.
19. The trade was a 3.31 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new position in SkyWest during the fourth quarter worth about $146,935,000. Norges Bank purchased a new stake in shares of SkyWest during the 4th quarter valued at approximately $23,851,000.
Arrowstreet Capital Limited Partnership boosted its holdings in SkyWest by 57.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company’s stock worth $52,641,000 after buying an additional 192,543 shares during the period.
Cubist Systematic Strategies LLC grew its stake in SkyWest by 1,999.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 158,248 shares of the transportation company’s stock valued at $15,845,000 after buying an additional 150,711 shares in the last quarter.
Finally, FMR LLC grew its stake in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after buying an additional 143,661 shares in the last quarter.
Institutional investors own 81.30% of the company’s stock. SkyWest Company Profile (Get Free Report)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.See AlsoFive stocks we like better than SkyWestWhat Investors Must Know About Over-the-Counter (OTC) StocksArcher Aviation’s Africa Deal Could Boost ACHR StockAirline Stocks – Top Airline Stocks to Buy NowAre Short Sellers Wrong About These 3 Semiconductor Stocks?Basic Materials Stocks InvestingBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
