Key Points
- CFO Francisco Gonzalez purchased 1,500 Sky Harbour Group shares at an average price of $9.69, investing $14,535 and increasing his direct holdings to 713,088 shares. He also bought shares in August and September.
- Sky Harbour Group reported quarterly EPS of negative $0.04, beating the consensus estimate of negative $0.14, though revenue was just $0.01 million versus the $9.44 million estimate. Analysts expect a full-year loss of $0.52 per share.
- Analyst sentiment remains mixed but leans positive: the stock has a consensus “Buy” rating and a $12.75 price target, despite recent downgrades to “Sell.” Institutional investors own 14.75% of the company.
Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez purchased 1,500 shares of the firm's stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of $9.69 per share, with a total value of $14,535.00. Following the transaction, the chief financial officer directly owned 713,088 shares of the company's stock, valued at approximately $6,909,822.72. This represents a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Francisco Gonzalez also recently made the following trade(s):
- On Friday, September 11th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The stock was bought at an average cost of $10.08 per share, for a total transaction of $10,080.00.
- 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, for a total transaction of $10,050.00.
Sky Harbour Group Price Performance
NYSE SKYH opened at $9.47 on Friday. Sky Harbour Group Co. has a 12 month low of $8.22 and a 12 month high of $11.70. The company has a market capitalization of $725.95 million, a price-to-earnings ratio of -52.64 and a beta of 1.31. The company's fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.01.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last released its 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. The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. Sky Harbour Group had a net margin of 2.73% and a return on equity of 6.45%. As a group, analysts anticipate that Sky Harbour Group Co. will post -0.52 EPS for the current year.
Wall Street Analyst Weigh In
SKYH has been the subject of several research analyst reports. Weiss Ratings lowered Sky Harbour Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, September 21st. BTIG Research reaffirmed a "buy" rating and set a $13.00 target price on shares of Sky Harbour Group in a report on Monday, September 14th. Wall Street Zen upgraded Sky Harbour Group from a "strong sell" rating to a "sell" rating in a research report on Sunday, September 20th. Finally, Roth Capital reiterated a "buy" rating and issued a $12.50 price target on shares of Sky Harbour Group in a report on Tuesday, August 18th. Two research analysts have 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 MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $12.75.
Get Our Latest Research Report on SKYH
Institutional Investors Weigh In On Sky Harbour Group
A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its position in Sky Harbour Group by 81.7% in the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company's stock valued at $993,000 after purchasing an additional 45,349 shares during the last quarter. Altai Capital Management L.P. bought a new position in Sky Harbour Group in the 2nd quarter worth about $7,039,000. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group in the second quarter valued at approximately $472,000. RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group in the first quarter valued at approximately $1,170,000. Finally, Bank of America Corp DE raised its holdings in shares of Sky Harbour Group by 1.8% during the first quarter. Bank of America Corp DE now owns 374,021 shares of the company's stock valued at $3,602,000 after buying an additional 6,545 shares during the last quarter. 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.
Further Reading
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