Key Points
- CFO Francisco Gonzalez bought 1,600 Sky Harbour Group shares at an average price of $9.40, spending $15,040 and increasing his holdings to 714,688 shares. The purchase followed several other insider buys since August.
- SKYH opened at $9.36, with a market capitalization of approximately $716.8 million and a one-year trading range of $8.22 to $11.70. The company’s latest quarterly EPS loss of $0.04 beat estimates, though revenue of $0.01 million fell far short of expectations.
- Analyst sentiment remains generally positive, with an average “Buy” rating and a $12.75 price target, despite some downgrades to “Sell.” Institutional investors own 14.75% of the company after several funds increased or initiated positions.
Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez bought 1,600 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of $9.40 per share, for a total transaction of $15,040.00. Following the acquisition, the chief financial officer owned 714,688 shares of the company's stock, valued at approximately $6,718,067.20. This trade represents a 0.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Francisco Gonzalez also recently made the following trade(s):
- On Wednesday, September 30th, Francisco Gonzalez acquired 1,500 shares of Sky Harbour Group stock. The shares were purchased at an average price of $9.69 per share, with a total value of $14,535.00.
- On Friday, September 11th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The shares were purchased at an average cost of $10.08 per share, with a total value of $10,080.00.
- On Tuesday, August 18th, Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock. The shares were acquired 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 $9.36 on Friday. The stock has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $10.01. The stock has a market capitalization of $716.78 million, a price-to-earnings ratio of -51.97 and a beta of 1.35. Sky Harbour Group Co. has a 1 year low of $8.22 and a 1 year high of $11.70.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) 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 firm had revenue of $0.01 million during the quarter, compared to analysts' expectations of $9.44 million. On average, analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SKYH. Weiss Ratings downgraded Sky Harbour Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 21st. Roth Capital reissued a "buy" rating and issued a $12.50 target price on shares of Sky Harbour Group in a research report on Tuesday, August 18th. BTIG Research reissued a "buy" rating and set a $13.00 price target on shares of Sky Harbour Group in a research report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of Sky Harbour Group from a "strong sell" rating to a "sell" rating in a research note on Sunday, September 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Sky Harbour Group currently has an average rating of "Buy" and an average price target of $12.75.
Check Out Our Latest Stock Report on SKYH
Institutional Investors Weigh In On Sky Harbour Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its stake in Sky Harbour Group by 81.7% in 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 in the last quarter. Altai Capital Management L.P. acquired a new stake in Sky Harbour Group during the second quarter valued at approximately $7,039,000. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group during the second quarter valued at approximately $472,000. RMR Capital Management LLC bought a new position in Sky Harbour Group during the 1st quarter worth approximately $1,170,000. Finally, Bank of America Corp DE lifted its holdings in Sky Harbour Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 374,021 shares of the company's stock worth $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 develops and operates aviation infrastructure for business and general aviation. The company focuses on building and managing private hangar campuses designed to provide secure aircraft storage and related facilities for business aircraft owners and operators.
Its campuses typically offer dedicated aircraft hangars, office and support space, and other aviation-oriented amenities. Sky Harbour's business model is centered on developing properties at strategically located airports and leasing or providing access to the facilities for private aviation customers.
The company is building a network of aviation campuses across the United States, with a focus on serving major metropolitan areas and regional business aviation markets.
Further Reading
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