Sky Harbour Group (NYSE:SKYH) Upgraded to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Sky Harbour Group (NYSE:SKYH) to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on SKYH. Noble Financial raised Sky Harbour Group to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Sky Harbour Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $13.50.

Sky Harbour Group Stock Up 2.0%

Shares of NYSE:SKYH opened at $10.69 on Friday. The company has a market capitalization of $818.11 million, a price-to-earnings ratio of 267.25 and a beta of 1.32. Sky Harbour Group has a 52 week low of $8.22 and a 52 week high of $11.17. The firm has a 50 day moving average of $9.74 and a 200 day moving average of $9.61.

Sky Harbour Group (NYSE:SKYH) last issued its earnings results on Thursday, May 14th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Sky Harbour Group had a return on equity of 6.83% and a net margin of 63.95%.The company had revenue of $8.72 million during the quarter, compared to analysts’ expectations of $9.96 million. On average, sell-side analysts expect that Sky Harbour Group will post -0.54 EPS for the current year.

Insider Buying and Selling at Sky Harbour Group

In other news, Director Andrew J. Gessow bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $8.95 per share, for a total transaction of $44,750.00. Following the purchase, the director owned 17,910 shares of the company’s stock, valued at approximately $160,294.50. This trade represents a 38.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 40.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sky Harbour Group

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