Sky Harbour Group (NYSE:SKYH) Earns Buy Rating from BTIG Research

Sky Harbour Group (NYSE:SKYH)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a research report issued on Thursday, Benzinga reports. They currently have a $13.00 target price on the stock. BTIG Research‘s price objective indicates a potential upside of 35.84% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. 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. Wall Street Zen upgraded shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Finally, Weiss Ratings upgraded shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sky Harbour Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

Sky Harbour Group Stock Performance

Sky Harbour Group stock traded up $0.04 during trading hours on Thursday, hitting $9.57. The company had a trading volume of 19,530 shares, compared to its average volume of 156,005. The firm has a market cap of $733.22 million, a P/E ratio of -53.17 and a beta of 1.35. Sky Harbour Group has a 1 year low of $8.22 and a 1 year high of $11.70. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.97.

Sky Harbour Group (NYSE:SKYH) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. Sky Harbour Group had a net margin of 2.73% and a return on equity of 6.45%. The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $9.44 million. As a group, equities research analysts anticipate that Sky Harbour Group will post -0.52 EPS for the current year.

Insider Buying and Selling

In other Sky Harbour Group news, Director Andrew Gessow purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $10.85 per share, for a total transaction of $54,250.00. Following the completion of the acquisition, the director directly owned 22,910 shares in the company, valued at $248,573.50. This represents a 27.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francisco Gonzalez bought 3,850 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was purchased at an average price of $9.25 per share, with a total value of $35,612.50. Following the completion of the purchase, the chief financial officer directly owned 718,538 shares of the company’s stock, valued at $6,646,476.50. This represents a 0.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 13,950 shares of company stock valued at $139,568 in the last ninety days. Company insiders own 40.70% of the company’s stock.

Institutional Investors Weigh In On Sky Harbour Group

A number of hedge funds have recently modified their holdings of SKYH. GAMMA Investing LLC raised its position in Sky Harbour Group by 497.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,379 shares of the company’s stock valued at $32,000 after buying an additional 2,813 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Sky Harbour Group in the 2nd quarter valued at $472,000. Yorkville Advisors Global LP raised its holdings in shares of Sky Harbour Group by 80.0% during the 1st 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 in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Sky Harbour Group by 81.7% during the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after buying an additional 45,349 shares in the last quarter. Finally, RMR Capital Management LLC bought a new stake in Sky Harbour Group during the 1st quarter worth $1,170,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

Sky Harbour Group Corporation develops, owns and operates private aviation hangar campuses at airports in the United States. The company focuses on providing purpose-built infrastructure for business aircraft owners and operators, with facilities designed to support the storage, maintenance and operation of private aircraft.

Its airport campuses generally include individual or multi-aircraft hangars, along with amenities such as pilot and crew lounges, office space, parking and other aviation-related services.