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

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $10.08 per share, for a total transaction of $10,080.00. Following the purchase, the chief financial officer owned 711,588 shares of the company’s stock, valued at approximately $7,172,807.04. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Francisco Gonzalez also recently made the following trade(s):

• On Tuesday, August 18th, Francisco Gonzalez acquired 1,000 shares of Sky Harbour Group stock. The stock was bought at an average cost of $10.05 per share, with a total value of $10,050.00.

Sky Harbour Group Stock Performance

Shares of NYSE:SKYH opened at $10.15 on Tuesday. The firm’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $9.93. The firm has a market cap of $777.69 million, a PE ratio of -56.39 and a beta of 1.31. Sky Harbour Group Co. has a one year low of $8.22 and a one year high of $11.70.

Sky Harbour Group (NYSE:SKYH) last issued its 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. The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $9.44 million. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%. Equities research analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Institutional Trading of Sky Harbour Group

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in Sky Harbour Group by 154.7% in the second quarter. California State Teachers Retirement System now owns 2,932 shares of the company’s stock valued at $298,000 after buying an additional 1,781 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Sky Harbour Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 374,021 shares of the company’s stock worth $3,602,000 after acquiring an additional 6,545 shares in the last quarter. Yorkville Advisors Global LP boosted its stake in shares of Sky Harbour Group by 80.0% during the 1st quarter. Yorkville Advisors Global LP now owns 90,000 shares of the company’s stock worth $867,000 after acquiring an additional 40,000 shares in the last quarter. Squarepoint Ops LLC grew its position 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 valued at $993,000 after acquiring an additional 45,349 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sky Harbour Group in the 2nd quarter valued at about $472,000. 14.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SKYH. BTIG Research reaffirmed a “buy” rating and set a $13.00 price objective on shares of Sky Harbour Group in a research report on Monday. Wall Street Zen lowered Sky Harbour Group from a “sell” rating to a “strong sell” rating in a report on Saturday. Roth Capital reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Sky Harbour Group in a research report on Tuesday, August 18th. Weiss Ratings raised Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. 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 assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sky Harbour Group has a consensus rating of “Buy” and an average target price of $12.75.

Sky Harbour Group Company Profile

Sky Harbour Group Corporation (NYSE: SKYH) develops, owns and operates aviation infrastructure for business and private aviation. The company focuses on purpose-built “Hangar Campuses” that provide aircraft owners and operators with secure, high-quality facilities for storing and managing private aircraft.

Its campuses are designed to offer more than aircraft storage, incorporating amenities such as private hangars, pilot and passenger facilities, office space, and other services intended to support business aviation activity.