Key Points
- Sky Harbour CFO Francisco Gonzalez bought 1,000 shares at an average price of $10.05, investing $10,050 and increasing his holdings to 710,588 shares.
- Sky Harbour shares opened at $10.31, up 0.6%, with a 12-month range of $8.22 to $11.70 and a market capitalization of approximately $789 million.
- The company exceeded quarterly earnings expectations, reporting a loss of $0.04 per share versus the expected $0.14 loss. Analysts maintain a consensus “Buy” rating with an average price target of $12.75.
Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez bought 1,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $10.05 per share, for a total transaction of $10,050.00. Following the acquisition, the chief financial officer owned 710,588 shares of the company's stock, valued at $7,141,409.40. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sky Harbour Group Trading Up 0.6%
Shares of NYSE SKYH opened at $10.31 on Thursday. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The firm has a market capitalization of $789.00 million, a price-to-earnings ratio of -57.28 and a beta of 1.31. The firm has a 50 day moving average of $10.16 and a 200 day moving average of $9.74.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.44 million. Sell-side analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Noble Financial upgraded Sky Harbour Group to a "strong-buy" rating in a research report on Monday, May 18th. Weiss Ratings upgraded Sky Harbour Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, July 6th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $12.50 price objective on shares of Sky Harbour Group in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Sky Harbour Group currently has a consensus rating of "Buy" and a consensus price target of $12.75.
Check Out Our Latest Analysis on Sky Harbour Group
Hedge Funds Weigh In On Sky Harbour Group
Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake 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 worth $135,000 after purchasing an additional 1,357 shares in the last quarter. Barclays PLC raised its position in shares of Sky Harbour Group by 9.1% during the 4th quarter. Barclays PLC now owns 33,262 shares of the company's stock valued at $298,000 after purchasing an additional 2,785 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company's stock valued at $49,000 after buying an additional 2,971 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Sky Harbour Group by 28.6% during the 3rd quarter. Alliancebernstein L.P. now owns 17,080 shares of the company's stock valued at $169,000 after buying an additional 3,800 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $114,000 after buying an additional 4,721 shares during the period. Hedge funds and other institutional investors own 14.75% of the company's stock.
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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