The stock of SkyWest, Inc. (NASDAQ:SKYW) is a huge mover today! About 390,751 shares traded hands or 20.35% up from the average. SkyWest, Inc. (NASDAQ:SKYW) has risen 68.08% since April 8, 2016 and is uptrending. It has outperformed by 62.43% the S&P500.
The move comes after 7 months positive chart setup for the $1.81B company. It was reported on Nov, 10 by Barchart.com. We have $51.28 PT which if reached, will make NASDAQ:SKYW worth $977.40M more.
SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage
Out of 6 analysts covering SkyWest (NASDAQ:SKYW), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. SkyWest has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 28 report. The stock has “In-Line” rating given by Imperial Capital on Monday, August 3. As per Tuesday, October 13, the company rating was downgraded by Raymond James. The firm has “Outperform” rating given on Friday, April 29 by Cowen & Co. The firm has “Outperform” rating given on Wednesday, January 6 by Raymond James. Evercore upgraded the stock to “Buy” rating in Friday, July 31 report. As per Wednesday, October 21, the company rating was maintained by Cowen & Co. The stock of SkyWest, Inc. (NASDAQ:SKYW) has “Buy” rating given on Friday, July 31 by Deutsche Bank. Cowen & Co upgraded it to “Outperform” rating and $19.0 target price in Friday, September 4 report. The firm has “Buy” rating by Sidoti given on Thursday, December 17.
According to Zacks Investment Research, “SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. , operates one of the larger regional airlines in the United States. SkyWest provides passenger and air freight service and completes over 880 daily flights. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. SkyWest entered into a marketing and code sharing agreement with Continental Airlines, Inc. Which allows SkyWest to operate as a Continental Connection in certain markets in and out of Los Angeles.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.07, from 1.19 in 2016Q1. The ratio dropped, as 21 funds sold all SkyWest, Inc. shares owned while 63 reduced positions. 31 funds bought stakes while 63 increased positions. They now own 42.86 million shares or 9.81% less from 47.52 million shares in 2016Q1.
Metropolitan Life Ins Ny accumulated 36,336 shares or 0.01% of the stock. Hanson & Doremus Invest accumulated 0.37% or 31,085 shares. Goldman Sachs Group Inc Incorporated reported 306,199 shares or 0% of all its holdings. Hsbc Plc has invested 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Alliancebernstein Lp has invested 0.05% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Invesco Ltd has invested 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Oberweis Asset has 0.69% invested in the company for 87,900 shares. Prudential Public Limited Com last reported 0.05% of its portfolio in the stock. Ancora Advsrs Ltd Limited Liability Company reported 90,481 shares or 0.28% of all its holdings. Creative Planning reported 15 shares or 0% of all its holdings. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Cap Fund Sa last reported 0.01% of its portfolio in the stock. Sei Invests owns 867 shares or 0% of their US portfolio. Anchor Cap Limited Liability Corp last reported 42,000 shares in the company. Barclays Public Ltd Liability Company accumulated 0% or 431 shares.
Insider Transactions: Since May 24, 2016, the stock had 1 insider buy, and 6 insider sales for $1.83 million net activity. Steel Wade J sold 9,292 shares worth $265,380. The insider ATKIN JERRY C sold $310,050. $225,122 worth of SkyWest, Inc. (NASDAQ:SKYW) was sold by Thompson Michael B. Childs Russell A also sold $619,446 worth of SkyWest, Inc. (NASDAQ:SKYW) shares. The insider Vais Terry sold 9,562 shares worth $239,082. The insider SIMMONS ROBERT J bought 1,000 shares worth $27,690.
More notable recent SkyWest, Inc. (NASDAQ:SKYW) news were published by: Fool.com which released: “Why SkyWest, Inc. Shares Skyrocketed 17.6% in April” on May 10, 2016, also Prnewswire.com with their article: “Chip Childs to Succeed Jerry Atkin as SkyWest, Inc. CEO, Effective January 1, 2016” published on November 16, 2015, Fool.com published: “Why SkyWest, Inc. Stock Soared 12% in June” on July 07, 2016. More interesting news about SkyWest, Inc. (NASDAQ:SKYW) were released by: Reuters.com and their article: “BRIEF-SkyWest Inc. reports Oct. load factor of 83.4 percent” published on November 08, 2016 as well as Prnewswire.com‘s news article titled: “SkyWest, Inc. Announces Second Quarter 2016 Profit” with publication date: July 28, 2016.
SKYW Company Profile
Skywest, Inc., incorporated on March 2, 1972, is a holding firm for approximately two scheduled passenger airline activities and an aircraft leasing company. The Firm operates through two divisions: SkyWest Airlines and ExpressJet. The Company, through its subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet), offers scheduled passenger service with approximately 3,400 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Company’s flights are operated as Delta Connection, United Express, US Airways Express, American Eagle or Alaska under code-share arrangements with Delta Air Lines, Inc. (Delta), United Air Lines, Inc. (United), US Airways Group, Inc. (US Airways), American Airlines, Inc. (American) or Alaska Airlines, Inc. (Alaska), respectively.
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