Sky Harbour Group Co. (NYSE:SKYH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sky Harbour Group Co. (NYSE:SKYH) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.00.

A number of equities research analysts have recently commented on SKYH shares. Roth Capital assumed coverage on Sky Harbour Group in a research report on Friday. They set a “buy” rating on the stock. Noble Financial upgraded Sky Harbour Group to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded Sky Harbour Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th.

Insider Activity

In related news, Director Andrew J. Gessow purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $8.95 per share, with a total value of $44,750.00. Following the purchase, the director owned 17,910 shares of the company’s stock, valued at $160,294.50. The trade was a 38.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 40.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sky Harbour Group

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Sky Harbour Group by 145.6% during the third quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after purchasing an additional 2,971 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the fourth quarter worth about $83,000. Quadrant Capital Group LLC acquired a new position in shares of Sky Harbour Group during the 3rd quarter worth about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after purchasing an additional 4,721 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Sky Harbour Group by 9.9% in the 4th quarter. Deutsche Bank AG now owns 15,007 shares of the company’s stock valued at $135,000 after buying an additional 1,357 shares in the last quarter. 14.75% of the stock is currently owned by institutional investors and hedge funds.

Sky Harbour Group Stock Performance

SKYH stock opened at $10.47 on Friday. The firm has a market cap of $801.65 million, a PE ratio of 261.88 and a beta of 1.32. The firm’s fifty day moving average is $9.70 and its 200 day moving average is $9.60. Sky Harbour Group has a one year low of $8.22 and a one year high of $11.17.

Sky Harbour Group (NYSE:SKYH) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $8.72 million during the quarter, compared to analysts’ expectations of $9.96 million. Sky Harbour Group had a net margin of 63.95% and a return on equity of 6.83%. Research analysts predict that Sky Harbour Group will post -0.54 earnings per share for the current fiscal year.

Sky Harbour Group Company Profile

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.