Key Points
- Omaha Corp Boston sold 331,500 shares of Sky Harbour Group at an average price of $9.05 on April 6, totaling $3.00 million and trimming its stake by 3.68% to 8,666,163 shares (worth about $78.4M).
- Sky Harbour's latest quarter showed an EPS of $0.25, beating estimates by $0.40 while revenue of $8.06 million missed the $9.27 million consensus.
- Analyst coverage is mixed—BTIG reaffirmed a Buy with a $13 target, Weiss Ratings placed a Sell, and the MarketBeat consensus is a Hold with a $13 price target.
Sky Harbour Group (NYSE:SKYH - Get Free Report) major shareholder Omaha Corp Boston sold 331,500 shares of the company's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $9.05, for a total value of $3,000,075.00. Following the transaction, the insider directly owned 8,666,163 shares of the company's stock, valued at approximately $78,428,775.15. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Sky Harbour Group Price Performance
NYSE:SKYH opened at $10.20 on Thursday. Sky Harbour Group has a twelve month low of $8.22 and a twelve month high of $12.67.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.40. Sky Harbour Group had a return on equity of 8.03% and a net margin of 68.33%.The firm had revenue of $8.06 million during the quarter, compared to the consensus estimate of $9.27 million.
Analyst Ratings Changes
SKYH has been the subject of a number of recent research reports. BTIG Research reaffirmed a "buy" rating and set a $13.00 price target on shares of Sky Harbour Group in a research report on Tuesday, March 24th. Weiss Ratings assumed coverage on Sky Harbour Group in a research note on Monday, March 23rd. They set a "sell (d+)" rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.00.
View Our Latest Report on SKYH
Sky Harbour Group Company Profile
(
Get Free Report)
Sky Harbour Group (NYSE: SKYH) is a publicly traded company focused on the ownership, development and operation of aviation real estate and infrastructure, with particular emphasis on hangars and support facilities for business and general aviation. The company acquires, constructs and leases premium aircraft storage and maintenance space intended to serve owners and operators of business jets and other corporate aircraft, and it pursues opportunities to consolidate scarce hangar capacity at key airports.
Its principal activities include development and redevelopment of hangar buildings, long‑term leasing and management of aviation properties, and partnering with fixed‑base operators and maintenance providers to deliver services that support aircraft operations.
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