You’re Not Crazy to Bet on SkyWest, Inc. (SKYW)

SkyWest, Inc. (NASDAQ:SKYW) recovered 13.36% of its value since hitting low of $42.38. The recent move of -2.63% drop pushed the stock to close at $48.04 when trading ended on 01/11/2019. At recent session, the prices were hovering between $47.78 and $48.98. This company shares are 37.99% off its target price of $66.29 and the current market capitalization stands at $2.56B. The recent change has given its price a -5.49% deficit over SMA 50 and -26.99% deficit over its 52-week high. The stock witnessed -0.99% declines, -5.54% declines and -10.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SKYW’s volatility during a week at 4.08% and during a month it has been found around 4.6%.

SkyWest, Inc. (SKYW) Top Holders

Institutional investors currently hold around $2.28 billion or 91.8% in SKYW stock. Look at its top three institutional owners. Blackrock Inc. owns $349.24 million in SkyWest, Inc., which represents roughly 13.64% of the company’s market cap and approximately 15.31% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 6,338,468 shares of the stock are valued at $304.5 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $201.6 million worth of this stock and that ownership represents nearly 7.88% of its market capitalization.

SkyWest, Inc. 13F Filings

At the end of September reporting period, 132 institutional holders increased their position in SkyWest, Inc. (NASDAQ:SKYW) by some 2,665,910 shares, 104 decreased positions by 1,818,706 and 29 held positions by 43,003,922. That puts total institutional holdings at 47,488,538 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 339,642 shares while 17 institutional investors sold out their entire positions totaling 140,086 shares.

SkyWest, Inc. (NASDAQ:SKYW) Insider Trades

Multiple company employees have indulged in significant insider trading. SkyWest, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that COO – Sub Vais Terry has sold 1,600 shares of SkyWest, Inc. (SKYW) in trading session dated Aug. 21, 2018. These shares are worth $103,088 and were traded at $64.43 each. The SEC filing shows that Woodward Eric performed a sale of 5,879 shares. The Chief Accounting Officer disposed these shares by way of transaction on Aug. 08, 2018. The company’s shares were given away at $61.18 per share worth to an income of some $359,677 on account of Woodward Eric.

COO of Sub, Thompson Michael B, sold 23,331 common shares of SkyWest, Inc. (SKYW) in the open market. In a transaction dated Aug. 08, 2018, the shares were put up for sale at an average price of $60.67, raking in a sum of $1,415,492. After this sale, 40,008 common shares of SKYW are directly owned by the insider, with total stake valued at $1,921,984.

In the transaction dated Aug. 07, 2018, the great number of shares disposed came courtesy the President & CEO; Childs Russell A disposed a total of 22,074 shares at an average price of $59.79, amounting to approximately $1,319,804. The insider now directly owns 130,231 shares worth $6,256,297.

SkyWest, Inc. (SKYW) Analyst Guide

Several analysts have released their opinion on SkyWest, Inc. (NASDAQ:SKYW), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.