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

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

Sky Harbour Group Price Performance

Sky Harbour Group stock opened at $10.17 on Friday. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The stock has a market capitalization of $778.31 million, a PE ratio of -56.50 and a beta of 1.31. The firm has a 50 day simple moving average of $10.18 and a 200-day simple moving average of $9.75.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Sky Harbour Group

A number of large investors have recently added to or reduced their stakes in SKYH. BNP Paribas Financial Markets grew 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 acquiring an additional 2,971 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Sky Harbour Group during the fourth quarter valued at about $83,000. Quadrant Capital Group LLC purchased a new stake in Sky Harbour Group during the third quarter valued at about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $114,000 after buying an additional 4,721 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Sky Harbour Group by 9.9% in the fourth quarter. Deutsche Bank AG now owns 15,007 shares of the company’s stock worth $135,000 after buying an additional 1,357 shares during the period. 14.75% of the stock is currently owned by institutional investors.

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.