Sky Harbour Group (NYSE:SKYH) Director Andrew Gessow Acquires 5,000 Shares

Sky Harbour Group Co. (NYSE:SKYH) Director Andrew Gessow bought 5,000 shares of Sky Harbour Group stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $10.85 per share, for a total transaction of $54,250.00. Following the acquisition, the director directly owned 22,910 shares of the company’s stock, valued at $248,573.50. The trade was a 27.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sky Harbour Group Trading Down 0.3%

SKYH stock opened at $10.25 on Wednesday. The stock has a 50-day moving average price of $10.14 and a two-hundred day moving average price of $9.74. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The company has a market cap of $784.51 million, a PE ratio of -56.95 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $9.44 million. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%. Equities analysts forecast that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in 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 period. International Assets Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the fourth quarter valued at approximately $83,000. Quadrant Capital Group LLC acquired a new position in shares of Sky Harbour Group during the third quarter worth $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after purchasing an additional 4,721 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake 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 valued at $135,000 after purchasing an additional 1,357 shares during the period. 14.75% of the stock is currently owned by hedge funds and other 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.