Key Points
- CFO insider purchase: Francisco Gonzalez bought 1,000 Sky Harbour Group shares at an average price of $10.08, investing $10,080 and increasing his direct holdings to 711,588 shares. He also purchased 1,000 shares in August.
- Analyst outlook remains positive: Analysts maintain a consensus “Buy” rating with an average price target of $12.75, although ratings range from “Strong Buy” to “Strong Sell.”
- Recent performance and ownership: SKYH opened at $10.15, with a market capitalization of about $777.7 million. The company beat quarterly EPS expectations but reported revenue of only $10,000 versus the $9.44 million analyst estimate; institutional investors own 14.75% of the stock.
Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $10.08 per share, for a total transaction of $10,080.00. Following the purchase, the chief financial officer directly owned 711,588 shares in the company, valued at $7,172,807.04. This trade represents a 0.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Francisco Gonzalez also recently made the following trade(s):
- On Tuesday, August 18th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The stock was bought at an average cost of $10.05 per share, with a total value of $10,050.00.
Sky Harbour Group Stock Performance
NYSE:SKYH opened at $10.15 on Tuesday. The company has a fifty day moving average of $10.46 and a two-hundred day moving average of $9.93. The stock has a market capitalization of $777.69 million, a PE ratio of -56.39 and a beta of 1.31. Sky Harbour Group Co. has a fifty-two week low of $8.22 and a fifty-two week high of $11.70.
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 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 analyst estimates of $9.44 million. Research analysts forecast that Sky Harbour Group Co. will post -0.52 earnings per share for the current year.
Wall Street Analyst Weigh In
SKYH has been the topic of several research analyst reports. BTIG Research reiterated a "buy" rating and issued a $13.00 price objective on shares of Sky Harbour Group in a report on Monday. Roth Capital reissued a "buy" rating and set a $12.50 target price on shares of Sky Harbour Group in a report on Tuesday, August 18th. Wall Street Zen downgraded Sky Harbour Group from a "sell" rating to a "strong sell" rating in a research report on Saturday. Noble Financial raised Sky Harbour Group to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded Sky Harbour Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $12.75.
Read Our Latest Research Report on SKYH
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of Sky Harbour Group by 154.7% during the 2nd quarter. California State Teachers Retirement System now owns 2,932 shares of the company's stock valued at $298,000 after acquiring an additional 1,781 shares during the last quarter. Yorkville Advisors Global LP acquired a new stake in Sky Harbour Group during the fourth quarter worth about $448,000. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group during the second quarter worth about $472,000. Squarepoint Ops LLC raised its stake in 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 purchasing an additional 45,349 shares during the period. Finally, RMR Capital Management LLC purchased a new position in Sky Harbour Group during the first quarter worth about $1,170,000. Hedge funds and other institutional investors own 14.75% of the company's stock.
About Sky Harbour Group
(
Get Free Report)
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.
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