Sky Harbour Group (NYSE:SKYH) Stock: Insider Francisco Gonzalez Purchases 3,850 Shares

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez purchased 3,850 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were acquired at an average cost of $9.25 per share, for a total transaction of $35,612.50. Following the completion of the transaction, the chief financial officer directly owned 718,538 shares in the company, valued at approximately $6,646,476.50. This represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 bought at an average price of $9.40 per share, with a total value of $15,040.00.
• On Wednesday, September 30th, Francisco Gonzalez acquired 1,500 shares of Sky Harbour Group stock. The stock was bought 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 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 bought 1,000 shares of Sky Harbour Group stock. The shares were bought at an average price of $10.05 per share, for a total transaction of $10,050.00.

Sky Harbour Group Stock Performance

SKYH opened at $9.39 on Wednesday. The business’s 50-day simple moving average is $10.35 and its 200 day simple moving average is $10.01. Sky Harbour Group Co. has a 52-week low of $8.22 and a 52-week high of $11.70. The firm has a market capitalization of $719.84 million, a PE ratio of -52.19 and a beta of 1.35.

Sky Harbour Group (NYSE:SKYH) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%.The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. On average, research analysts forecast that Sky Harbour Group Co. will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Altai Capital Management L.P. acquired a new position in shares of Sky Harbour Group in the second quarter valued at $7,039,000. RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group during the 1st quarter worth about $1,170,000. Bank of New York Mellon Corp bought a new stake in shares of Sky Harbour Group during the 2nd quarter worth about $472,000. Squarepoint Ops LLC boosted its holdings in shares of Sky Harbour Group by 81.7% during the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after buying an additional 45,349 shares during the period. Finally, Yorkville Advisors Global LP grew its stake in Sky Harbour Group by 80.0% in 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 currently owned by institutional investors.

Analysts Set New Price Targets

SKYH has been the topic of a number of recent analyst reports. Roth Capital restated a “buy” rating and set a $12.50 target price on shares of Sky Harbour Group in a report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and issued a $13.00 price target on shares of Sky Harbour Group in a research note on Monday, September 14th. Weiss Ratings downgraded shares of Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 21st. 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 equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $12.75.

Sky Harbour Group Company Profile

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.