Russell A. Childs Sells 22,074 Shares of SkyWest, Inc. (SKYW) Stock

SkyWest, Inc. (NASDAQ:SKYW) CEO Russell A. Childs sold 22,074 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $59.79, for a total transaction of $1,319,804.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, July 31st, Russell A. Childs sold 11,543 shares of SkyWest stock. The stock was sold at an average price of $60.01, for a total transaction of $692,695.43.
  • On Thursday, August 2nd, Russell A. Childs sold 17,056 shares of SkyWest stock. The stock was sold at an average price of $59.90, for a total transaction of $1,021,654.40.

SKYW stock traded up $0.85 during trading on Friday, hitting $65.30. 126,800 shares of the stock traded hands, compared to its average volume of 229,618. SkyWest, Inc. has a one year low of $33.10 and a one year high of $65.80. The company has a market capitalization of $3.36 billion, a P/E ratio of 19.01 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 1.41.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.20. SkyWest had a net margin of 14.73% and a return on equity of 13.20%. The firm had revenue of $805.50 million during the quarter, compared to the consensus estimate of $795.19 million. During the same period last year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. research analysts expect that SkyWest, Inc. will post 4.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 27th. SkyWest’s dividend payout ratio is currently 11.66%.

A number of equities analysts have recently commented on SKYW shares. Zacks Investment Research raised shares of SkyWest from a “sell” rating to a “hold” rating and set a $69.00 price objective for the company in a report on Monday, July 30th. BidaskClub downgraded shares of SkyWest from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Cowen raised their price objective on shares of SkyWest from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. ValuEngine downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Imperial Capital raised their price objective on shares of SkyWest from $60.00 to $63.00 and gave the stock an “inline” rating in a report on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $63.60.

A number of hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan lifted its holdings in SkyWest by 5.4% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,680 shares of the transportation company’s stock valued at $1,125,000 after purchasing an additional 1,060 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in SkyWest by 12.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 10,420 shares of the transportation company’s stock valued at $567,000 after acquiring an additional 1,156 shares in the last quarter. Great West Life Assurance Co. Can increased its position in SkyWest by 1.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,465 shares of the transportation company’s stock valued at $3,504,000 after acquiring an additional 1,163 shares in the last quarter. Profund Advisors LLC increased its position in SkyWest by 15.7% in the 1st quarter. Profund Advisors LLC now owns 9,069 shares of the transportation company’s stock valued at $493,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Affinity Investment Advisors LLC increased its position in SkyWest by 17.7% in the 1st quarter. Affinity Investment Advisors LLC now owns 8,294 shares of the transportation company’s stock valued at $451,000 after acquiring an additional 1,246 shares in the last quarter. 89.25% 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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