SkyWest (NASDAQ:SKYW) Insider Wade Steel Sells 20,629 Shares

SkyWest, Inc. (NASDAQ:SKYW) insider Wade Steel sold 20,629 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total transaction of $2,197,607.37. Following the sale, the insider directly owned 77,438 shares in the company, valued at approximately $8,249,470.14. This trade represents a 21.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SkyWest Stock Performance

SKYW traded up $1.02 on Thursday, hitting $108.71. The company’s stock had a trading volume of 253,286 shares, compared to its average volume of 277,343. SkyWest, Inc. has a 12 month low of $74.70 and a 12 month high of $123.94. The firm has a market cap of $4.39 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.65. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 0.67. The company’s 50 day simple moving average is $102.01 and its 200-day simple moving average is $103.78.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 29th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.04). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $993.12 million. SkyWest had a return on equity of 16.35% and a net margin of 10.56%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. Analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of SkyWest in a report on Thursday, January 22nd. TD Cowen cut their price target on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Wall Street Zen cut shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup began coverage on shares of SkyWest in a report on Thursday, December 4th. They set a “neutral” rating and a $112.00 price objective for the company. Finally, Zacks Research cut SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, SkyWest presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Trending Headlines about SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: Zacks highlights SkyWest’s fleet growth and rising earnings estimates, noting the carrier is accelerating E175 expansion toward ~300 jets by 2028 — a revenue-growth catalyst if regional contract demand continues. Here’s Why Investors Should Bet on SkyWest Stock Right Now
• Positive Sentiment: Technical momentum: recent Zacks notes that SKYW cleared both the 20-day and the 200-day moving averages — a bullish signal that can attract momentum and technical traders. SkyWest (SKYW) Just Overtook the 200-Day Moving Average
• Positive Sentiment: Zacks coverage also flags SkyWest as a strong momentum stock and discusses improving earnings estimate revisions — analyst sentiment and upgrades can support multiple buyers. Here’s Why SkyWest (SKYW) is a Strong Momentum Stock
• Neutral Sentiment: Positive local service development: multiple outlets report SkyWest’s inaugural flight to Barkley Regional landed successfully — a small but tangible network expansion that could add local revenue over time. The First SkyWest Airlines Flight Lands at Barkley Regional Airport
• Negative Sentiment: Operational hiccup: local reporting says the Barkley inaugural experienced a technical delay before service; while the flight ultimately landed, such issues can attract short-term scrutiny around operations and on-time metrics. Barkley Regional Airport inaugural flight sees technical delay
• Neutral Sentiment: Industry governance/IT risk story: an article about pilots allegedly hacking an airline system raises broader industry concerns over employee controls and data security — not specific to SkyWest but something investors may monitor for regulatory or reputational spillover. Airline Sues 2 Pilots After They Allegedly Hacked Computer System to Gain Coworkers’ Personal Information
• Positive Sentiment: Valuation/analyst angle: Zacks pieces are debating whether SKYW’s lower valuation represents a buying opportunity — that narrative can prompt value-oriented inflows if earnings estimates keep rising. Does SkyWest’s Lower Valuation Indicate a Buying Opportunity?

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKYW. Transamerica Financial Advisors LLC boosted its position in SkyWest by 273.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock valued at $27,000 after buying an additional 197 shares during the period. Salomon & Ludwin LLC bought a new position in shares of SkyWest during the third quarter valued at about $38,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of SkyWest during the second quarter worth about $40,000. Johnson Financial Group Inc. bought a new stake in shares of SkyWest in the third quarter worth about $62,000. Finally, EverSource Wealth Advisors LLC increased its holdings in SkyWest by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 339 shares during the period. Institutional investors own 81.30% of the company’s stock.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.