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

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez purchased 1,000 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sky Harbour Group Price Performance

Shares of Sky Harbour Group stock opened at $10.31 on Thursday. Sky Harbour Group Co. has a 1 year low of $8.22 and a 1 year high of $11.70. The firm’s 50-day moving average is $10.16 and its 200 day moving average is $9.74. The stock has a market cap of $789.00 million, a price-to-earnings ratio of -57.28 and a beta of 1.31.

Sky Harbour Group (NYSE:SKYH) last released its quarterly earnings data 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 net margin of 2.73% and a return on equity of 6.45%. On average, equities analysts expect that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKYH has been the subject of a number of recent analyst reports. Roth Capital restated a “buy” rating and issued a $12.50 price objective on shares of Sky Harbour Group in a report on Tuesday. Noble Financial upgraded Sky Harbour Group to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings raised Sky Harbour Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sky Harbour Group has a consensus rating of “Buy” and a consensus price target of $12.75.

Institutional Trading of Sky Harbour Group

A number of institutional investors have recently made changes to their positions in the stock. Altai Capital Management L.P. bought a new position in Sky Harbour Group during the second quarter valued at approximately $7,039,000. Bank of America Corp DE boosted its holdings in Sky Harbour Group by 173.7% in the second quarter. Bank of America Corp DE now owns 702,494 shares of the company’s stock worth $6,863,000 after purchasing an additional 445,828 shares during the last quarter. First Manhattan CO. LLC. bought a new stake in Sky Harbour Group in the 4th quarter worth approximately $1,203,000. RMR Capital Management LLC bought a new stake in Sky Harbour Group in the 1st quarter worth approximately $1,170,000. Finally, Geode Capital Management LLC raised its stake in Sky Harbour Group by 32.1% during the 2nd quarter. Geode Capital Management LLC now owns 465,415 shares of the company’s stock valued at $4,548,000 after buying an additional 112,994 shares during the last quarter. Hedge funds and other institutional investors own 14.75% of the company’s stock.

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.