Sky Harbour Group Co. (NYSE:SKYH) Given Consensus Recommendation of “Buy” by Analysts

Shares of Sky Harbour Group Co. (NYSE:SKYH) have earned an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.75.

Several research firms have issued reports on SKYH. Roth Capital reiterated 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 reiterated a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a report on Monday, September 14th. Wall Street Zen cut shares of Sky Harbour Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings upgraded Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd.

Sky Harbour Group Stock Up 0.1%

Shares of SKYH opened at $10.10 on Friday. The firm has a market cap of $773.79 million, a PE ratio of -56.11 and a beta of 1.31. The company’s fifty day moving average is $10.45 and its two-hundred day moving average is $9.96. Sky Harbour Group has a fifty-two week low of $8.22 and a fifty-two week high of $11.70.

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 business had revenue of $0.01 million during 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%. As a group, equities research analysts anticipate that Sky Harbour Group will post -0.52 earnings per share for the current year.

Insider Transactions at Sky Harbour Group

In related news, Director Andrew Gessow acquired 5,000 shares of Sky Harbour Group stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $54,250.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 7,000 shares of company stock valued at $74,380 over the last 90 days. Corporate insiders own 40.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Sky Harbour Group during the 4th quarter worth $83,000. Bank of New York Mellon Corp bought a new position in Sky Harbour Group in the 2nd quarter valued at about $472,000. Yorkville Advisors Global LP bought a new stake in Sky Harbour Group during the fourth quarter worth approximately $448,000. Squarepoint Ops LLC lifted its position in Sky Harbour Group by 81.7% in 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 period. Finally, RMR Capital Management LLC acquired a new stake in Sky Harbour Group in the first quarter worth approximately $1,170,000. 14.75% of the stock is owned by institutional investors and hedge funds.

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.