Key Points
- Sky Harbour Group CFO Francisco Gonzalez purchased 3,850 shares at $9.25 each, investing $35,612.50 and increasing his ownership to 718,538 shares. He has made several additional purchases since August.
- SKYH opened at $9.33, with a market capitalization of approximately $714.9 million and a one-year trading range of $8.22 to $11.70. The company recently reported a quarterly loss of $0.04 per share, better than the expected $0.14 loss.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $12.75, although some ratings firms downgraded the stock to “Sell.” Institutional investors own 14.75% of the company.
Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez acquired 3,850 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was purchased at an average price of $9.25 per share, for a total transaction of $35,612.50. Following the completion of the acquisition, the chief financial officer owned 718,538 shares in the company, valued at approximately $6,646,476.50. This trade represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Francisco Gonzalez also recently made the following trade(s):
- On Thursday, October 1st, Francisco Gonzalez acquired 1,600 shares of Sky Harbour Group stock. The stock was purchased at an average cost of $9.40 per share, for a total transaction of $15,040.00.
- On Wednesday, September 30th, Francisco Gonzalez bought 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 bought 1,000 shares of Sky Harbour Group stock. The shares were acquired at an average cost of $10.08 per share, with a total value of $10,080.00.
- On Tuesday, August 18th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The stock was acquired at an average price of $10.05 per share, for a total transaction of $10,050.00.
Sky Harbour Group Stock Performance
NYSE SKYH opened at $9.33 on Tuesday. The firm has a market capitalization of $714.86 million, a price-to-earnings ratio of -51.83 and a beta of 1.35. Sky Harbour Group Co. has a one year low of $8.22 and a one year high of $11.70. The company's 50 day moving average price is $10.37 and its 200 day moving average price is $10.01.
Sky Harbour Group (NYSE:SKYH - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) 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 company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. Sell-side analysts forecast that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.
Institutional Trading of Sky Harbour Group
Several hedge funds and other institutional investors have recently bought and sold shares of SKYH. Altai Capital Management L.P. bought a new stake in Sky Harbour Group during the second quarter valued at $7,039,000. RMR Capital Management LLC bought a new position in shares of Sky Harbour Group in the 1st quarter worth about $1,170,000. Bank of New York Mellon Corp bought a new position in shares of Sky Harbour Group in the 2nd quarter worth about $472,000. Squarepoint Ops LLC boosted its holdings in shares of 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 buying an additional 45,349 shares during the period. Finally, Yorkville Advisors Global LP grew its position in shares of Sky Harbour Group by 80.0% during the 1st quarter. Yorkville Advisors Global LP now owns 90,000 shares of the company's stock valued at $867,000 after buying an additional 40,000 shares during the last quarter. 14.75% of the stock is owned by institutional investors.
Analysts Set New Price Targets
SKYH has been the topic of a number of recent research reports. Weiss Ratings cut Sky Harbour Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, September 21st. BTIG Research reiterated a "buy" rating and issued a $13.00 target price on shares of Sky Harbour Group in a research note on Monday, September 14th. Roth Capital reiterated a "buy" rating and set a $12.50 target price on shares of Sky Harbour Group in a report on Tuesday, August 18th. Finally, Wall Street Zen raised Sky Harbour Group from a "strong sell" rating to a "sell" rating in a research report on Sunday, September 20th. Two equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $12.75.
Check Out Our Latest Stock Analysis on Sky Harbour Group
Sky Harbour Group Company Profile
(
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.
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