Sky Harbour Group (NYSE:SKYH) CFO Francisco Gonzalez Buys 3,850 Shares of Company Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez purchased 3,850 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were bought at an average cost of $9.25 per share, with a total value of $35,612.50. Following the transaction, the chief financial officer directly owned 718,538 shares of the company’s stock, valued at $6,646,476.50. This represents a 0.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 1st, Francisco Gonzalez acquired 1,600 shares of Sky Harbour Group stock. The stock was bought at an average price of $9.40 per share, for a total transaction of $15,040.00.
• On Wednesday, September 30th, Francisco Gonzalez acquired 1,500 shares of Sky Harbour Group stock. The stock was bought at an average price of $9.69 per share, for a total transaction of $14,535.00.
• On Friday, September 11th, Francisco Gonzalez acquired 1,000 shares of Sky Harbour Group stock. The shares were bought at an average cost of $10.08 per share, for a total transaction of $10,080.00.
• On Tuesday, August 18th, Francisco Gonzalez acquired 1,000 shares of Sky Harbour Group stock. The shares were bought at an average price of $10.05 per share, with a total value of $10,050.00.

Sky Harbour Group Trading Up 0.4%

Shares of SKYH stock opened at $9.33 on Tuesday. The company has a market capitalization of $714.86 million, a price-to-earnings ratio of -51.83 and a beta of 1.35. The firm has a 50-day moving average price of $10.37 and a 200 day moving average price of $10.01. Sky Harbour Group Co. has a twelve month low of $8.22 and a twelve month high of $11.70.

Sky Harbour Group (NYSE:SKYH) last released its quarterly earnings results 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 company had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $9.44 million. Sky Harbour Group had a net margin of 2.73% and a return on equity of 6.45%. As a group, research analysts predict that Sky Harbour Group Co. will post -0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Roth Capital reiterated a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a report on Tuesday, August 18th. Wall Street Zen upgraded Sky Harbour Group from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. Weiss Ratings downgraded Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a research note on Monday, September 14th. Two research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.75.

Institutional Investors Weigh In On Sky Harbour Group

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its position in Sky Harbour Group by 81.7% during the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after purchasing an additional 45,349 shares during the last quarter. Altai Capital Management L.P. acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $7,039,000. Bank of New York Mellon Corp purchased a new stake in shares of Sky Harbour Group during the 2nd quarter valued at $472,000. RMR Capital Management LLC purchased a new stake in shares of Sky Harbour Group during the 1st quarter valued at $1,170,000. Finally, Bank of America Corp DE increased its holdings 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 buying an additional 6,545 shares during the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

About Sky Harbour Group

Sky Harbour Group Corporation develops and operates aviation infrastructure for business and general aviation. The company focuses on building and managing private hangar campuses designed to provide secure aircraft storage and related facilities for business aircraft owners and operators.

Its campuses typically offer dedicated aircraft hangars, office and support space, and other aviation-oriented amenities. Sky Harbour’s business model is centered on developing properties at strategically located airports and leasing or providing access to the facilities for private aviation customers.

The company is building a network of aviation campuses across the United States, with a focus on serving major metropolitan areas and regional business aviation markets.