Skywest Inc (SKYW) Files Form 4 Insider Selling : Terry Vais Sells 9,562 Shares

Skywest Inc (SKYW): Terry Vais , Chief Operating Officer – Sub of Skywest Inc sold 9,562 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $25.01 per share for a total value of $239,082.31 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Terry Vais (Chief Operating Officer – Sub) sold 8,195 shares at $23.87 per share price.On Dec 3, 2015, Russell A Childs (President SkyWest, Inc.) sold 5,541 shares at $21.26 per share price.Also, On Nov 18, 2015, Eric Woodward (Chief Accounting Officer) sold 8,400 shares at $19.65 per share price.On Nov 12, 2015, Wade J Steel (Exec Vice President) sold 4,674 shares at $19.75 per share price.

Shares of SkyWest (SKYW) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.54 points or -2.22% at $23.78 with 3,02,972 shares getting traded. Post opening the session at $24.26, the shares hit an intraday low of $23.41 and an intraday high of $24.26 and the price vacillated in this range throughout the day. The company has a market cap of $1,222 M and the number of outstanding shares has been calculated to be 5,13,87,426 shares. The 52-week high of SkyWest is $24.64 and the 52-week low is $13.23.

SkyWest Money Flow Index Chart

On May 4, 2016, SkyWest announced a cash dividend of $0.0500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 7, 2016.

Company has been under the radar of several Street Analysts.SkyWest is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $23 .The Rating was issued on Apr 29, 2016.

Skywest Inc. is a holding company for two North American regional airlines. The Company through its subsidiaries SkyWest Airlines Inc. and ExpressJet Airlines Inc. offers scheduled passenger service with approximately 3600 daily departures to destinations in the United States Canada Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Company’s flights are operated as Delta Connection United Express US Airways Express American Eagle and Alaska. As of December 31 2014 its consolidated fleet consisted of a total of 749 aircrafts of which 425 were assigned to United 239 were assigned to Delta 29 were assigned to American 15 were assigned to US Airways nine were assigned to Alaska two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.

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