Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) Director Andrew Gessow bought 5,000 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $10.85 per share, with a total value of $54,250.00. Following the completion of the purchase, the director directly owned 22,910 shares of the company's stock, valued at approximately $248,573.50. This represents a 27.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Sky Harbour Group Stock Performance
NYSE:SKYH opened at $10.25 on Wednesday. Sky Harbour Group Co. has a one year low of $8.22 and a one year high of $11.70. The business's 50-day simple moving average is $10.14 and its 200 day simple moving average is $9.74. The stock has a market cap of $784.51 million, a price-to-earnings ratio of -56.95 and a beta of 1.31.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $9.44 million. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%. On average, equities research analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG lifted its holdings in shares of Sky Harbour Group by 9.9% in the fourth quarter. Deutsche Bank AG now owns 15,007 shares of the company's stock valued at $135,000 after buying an additional 1,357 shares during the period. Barclays PLC grew its holdings in Sky Harbour Group by 9.1% during the fourth quarter. Barclays PLC now owns 33,262 shares of the company's stock worth $298,000 after acquiring an additional 2,785 shares during the period. BNP Paribas Financial Markets raised its position in Sky Harbour Group by 145.6% in the third quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company's stock worth $49,000 after acquiring an additional 2,971 shares in the last quarter. Alliancebernstein L.P. raised its position in Sky Harbour Group by 28.6% in the third quarter. Alliancebernstein L.P. now owns 17,080 shares of the company's stock worth $169,000 after acquiring an additional 3,800 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sky Harbour Group by 68.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company's stock valued at $114,000 after acquiring an additional 4,721 shares during the last quarter. 14.75% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Weiss Ratings raised shares of Sky Harbour Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, July 6th. Noble Financial raised Sky Harbour Group to a "strong-buy" rating in a research note on Monday, May 18th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sky Harbour Group presently has an average rating of "Buy" and a consensus price target of $12.75.
Read Our Latest Stock Report on SKYH
About Sky Harbour Group
(
Get Free Report)
Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.
Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.
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