Insider Buying: Sky Harbour Group (NYSE:SKYH) CFO Buys $10,080.00 in Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $10.08 per share, with a total value of $10,080.00. Following the completion of the transaction, the chief financial officer directly owned 711,588 shares of the company’s stock, valued at $7,172,807.04. This represents a 0.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

Sky Harbour Group Trading Up 0.4%

Shares of Sky Harbour Group stock opened at $10.05 on Monday. The firm has a market capitalization of $770.03 million, a PE ratio of -55.83 and a beta of 1.31. The business’s 50-day moving average price is $10.46 and its 200-day moving average price is $9.92. Sky Harbour Group Co. has a 12 month low of $8.22 and a 12 month high of $11.70.

Sky Harbour Group (NYSE:SKYH) last posted its quarterly 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 the consensus estimate 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, analysts predict that Sky Harbour Group Co. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Noble Financial upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings upgraded Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Wall Street Zen cut Sky Harbour Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. BTIG Research reiterated a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a research report on Monday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $12.50 target price on shares of Sky Harbour Group in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $12.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SKYH. BNP Paribas Financial Markets boosted its position in Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after acquiring an additional 2,971 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Sky Harbour Group in the third quarter worth $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 purchasing an additional 4,721 shares during the period. Deutsche Bank AG raised its holdings in 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 purchasing an additional 1,357 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Sky Harbour Group by 28.6% during the third quarter. Alliancebernstein L.P. now owns 17,080 shares of the company’s stock valued at $169,000 after buying an additional 3,800 shares during the period. 14.75% of the stock is owned by hedge funds and other institutional investors.

About Sky Harbour Group

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.