Sky Harbour Group (NYSE:SKYH) CFO Acquires $15,040.00 in Stock

by · The Markets Daily

Sky Harbour Group Co. (NYSE:SKYH – Get Free Report) CFO Francisco Gonzalez acquired 1,600 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average price of $9.40 per share, for a total transaction of $15,040.00. Following the completion of the acquisition, the chief financial officer directly owned 714,688 shares of the company’s stock, valued at $6,718,067.20. This trade represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

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

Sky Harbour Group Stock Up 0.7%

SKYH stock opened at $9.36 on Monday. The business’s fifty day moving average is $10.39 and its 200-day moving average is $10.01. The company has a market cap of $716.75 million, a P/E ratio of -51.97 and a beta of 1.35. 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 – Get Free Report) last posted 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 business had revenue of $0.01 million for 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%. Research analysts anticipate that Sky Harbour Group Co. will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group during the 2nd quarter worth approximately $472,000. Yorkville Advisors Global LP bought a new position in Sky Harbour Group in the fourth quarter valued at approximately $448,000. Squarepoint Ops LLC boosted its holdings in shares of Sky Harbour Group by 81.7% in the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock valued at $993,000 after buying an additional 45,349 shares during the period. RMR Capital Management LLC acquired a new position in shares of Sky Harbour Group in the first quarter valued at approximately $1,170,000. Finally, Bank of America Corp DE increased its position in shares of Sky Harbour Group by 1.8% during the first 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. 14.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on SKYH shares. Weiss Ratings cut Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 21st. Roth Capital reissued a “buy” rating and set a $12.50 price objective on shares of Sky Harbour Group in a research note on Tuesday, August 18th. BTIG Research restated a “buy” rating and set a $13.00 price objective on shares of Sky Harbour Group in a report on Monday, September 14th. Finally, Wall Street Zen raised shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $12.75.

Check Out Our Latest Report on SKYH

About Sky Harbour Group

(Get Free Report)

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.

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