Sky Harbour Group (NYSE:SKYH) CFO Buys $10,080.00 in Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez bought 1,000 shares of the stock in a transaction on Friday, September 11th. The shares were bought at an average price of $10.08 per share, with a total value of $10,080.00. Following the acquisition, the chief financial officer owned 711,588 shares of the company’s stock, valued at $7,172,807.04. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Francisco Gonzalez also recently made the following trade(s):

• On Tuesday, August 18th, Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock. The shares were bought at an average cost of $10.05 per share, for a total transaction of $10,050.00.

Sky Harbour Group Trading Down 0.3%

Shares of NYSE:SKYH opened at $9.96 on Thursday. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The business’s fifty day simple moving average is $10.45 and its 200-day simple moving average is $9.94. The company has a market capitalization of $763.14 million, a PE ratio of -55.33 and a beta of 1.31.

Sky Harbour Group (NYSE:SKYH) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%.The firm had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $9.44 million. Research analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Sky Harbour Group

A number of large investors have recently modified their holdings of the business. Altai Capital Management L.P. acquired a new stake in Sky Harbour Group in the 2nd quarter worth approximately $7,039,000. Bank of America Corp DE increased its stake in Sky Harbour Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 374,021 shares of the company’s stock valued at $3,602,000 after purchasing an additional 6,545 shares in the last quarter. RMR Capital Management LLC acquired a new position in Sky Harbour Group during the 1st quarter valued at approximately $1,170,000. Squarepoint Ops LLC increased its stake in Sky Harbour Group by 81.7% during the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock valued at $993,000 after purchasing an additional 45,349 shares in the last quarter. Finally, Yorkville Advisors Global LP raised its holdings in shares of Sky Harbour Group by 80.0% in the first quarter. Yorkville Advisors Global LP now owns 90,000 shares of the company’s stock worth $867,000 after buying an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Wall Street Analyst Weigh In

SKYH has been the topic of a number of recent analyst reports. Roth Capital restated a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a report on Tuesday, August 18th. BTIG Research reissued a “buy” rating and set a $13.00 target price on shares of Sky Harbour Group in a research report on Monday. Wall Street Zen downgraded shares of Sky Harbour Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings raised shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $12.75.

About Sky Harbour Group

Sky Harbour Group Corporation (NYSE: SKYH) develops, owns and operates aviation infrastructure for business and private aviation. The company focuses on purpose-built “Hangar Campuses” that provide aircraft owners and operators with secure, high-quality facilities for storing and managing private aircraft.

Its campuses are designed to offer more than aircraft storage, incorporating amenities such as private hangars, pilot and passenger facilities, office space, and other services intended to support business aviation activity.