Francisco Gonzalez Buys 1,000 Shares of Sky Harbour Group (NYSE:SKYH) Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez acquired 1,000 shares of Sky Harbour Group stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $10.05 per share, with a total value of $10,050.00. Following the purchase, the chief financial officer owned 710,588 shares in the company, valued at $7,141,409.40. The trade was a 0.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sky Harbour Group Trading Up 1.4%

NYSE SKYH traded up $0.15 during trading on Wednesday, hitting $10.40. 27,863 shares of the company traded hands, compared to its average volume of 152,236. The business has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $9.74. 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 $795.61 million, a P/E ratio of -57.81 and a beta of 1.31.

Sky Harbour Group (NYSE:SKYH) last posted 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. The business 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%. Equities research analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SKYH shares. Roth Capital reaffirmed a “buy” rating and set a $12.50 price objective on shares of Sky Harbour Group in a report on Tuesday. Weiss Ratings raised Sky Harbour Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Finally, Noble Financial upgraded Sky Harbour Group to a “strong-buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sky Harbour Group presently has a consensus rating of “Buy” and an average target price of $12.75.

Hedge Funds Weigh In On Sky Harbour Group

Several institutional investors have recently added to or reduced their stakes in SKYH. RMR Capital Management LLC bought a new position in shares of Sky Harbour Group in the first quarter valued at approximately $1,170,000. Bank of America Corp DE increased its holdings in shares of Sky Harbour Group by 1.8% in the first quarter. Bank of America Corp DE now owns 374,021 shares of the company’s stock valued at $3,602,000 after purchasing an additional 6,545 shares in the last quarter. Yorkville Advisors Global LP raised its position 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 worth $867,000 after purchasing an additional 40,000 shares during the last quarter. International Assets Investment Management LLC bought a new position in Sky Harbour Group in the 4th quarter worth approximately $83,000. Finally, Wells Fargo & Company MN lifted its holdings in Sky Harbour Group by 65.4% during the 4th quarter. Wells Fargo & Company MN now owns 23,267 shares of the company’s stock worth $209,000 after buying an additional 9,199 shares in the last quarter. 14.75% of the stock is owned by institutional investors.

About Sky Harbour Group

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.