Sky Harbour Group (NYSE:SKYH) CFO Francisco Gonzalez Buys 1,500 Shares of Company Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $9.69 per share, with a total value of $14,535.00. Following the completion of the acquisition, the chief financial officer owned 713,088 shares in the company, valued at $6,909,822.72. This represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, September 11th, Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock. The stock was bought at an average price of $10.08 per share, with a total value of $10,080.00.
• On Tuesday, August 18th, Francisco Gonzalez purchased 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 Price Performance

SKYH traded down $0.04 on Thursday, reaching $9.44. The company’s stock had a trading volume of 70,422 shares, compared to its average volume of 153,555. The stock has a market cap of $722.91 million, a price-to-earnings ratio of -52.56 and a beta of 1.31. Sky Harbour Group Co. has a 1 year low of $8.22 and a 1 year high of $11.70. The business’s 50 day moving average is $10.43 and its 200 day moving average is $10.01.

Sky Harbour Group (NYSE:SKYH) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $9.44 million. As a group, research analysts forecast that Sky Harbour Group Co. will post -0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKYH has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating and set a $12.50 price objective on shares of Sky Harbour Group in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 21st. BTIG Research restated a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a research report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sky Harbour Group currently has an average rating of “Buy” and a consensus price target of $12.75.

Hedge Funds Weigh In On Sky Harbour Group

Several institutional investors have recently bought and sold shares of SKYH. Yorkville Advisors Global LP acquired a new stake in shares of Sky Harbour Group in the fourth quarter valued at about $448,000. Bank of New York Mellon Corp bought a new position in Sky Harbour Group in the 2nd quarter worth approximately $472,000. Squarepoint Ops LLC lifted its holdings in shares of Sky Harbour Group by 81.7% during the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after buying an additional 45,349 shares during the last quarter. RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group in the first quarter worth $1,170,000. Finally, Bank of America Corp DE boosted its holdings in Sky Harbour Group by 1.8% in 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 during the period. 14.75% of the stock is currently owned by institutional investors.

Sky Harbour Group Company Profile

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.