Sky Harbour Group (NYSE:SKYH) CFO Buys $35,612.50 in Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez acquired 3,850 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was acquired at an average cost of $9.25 per share, for a total transaction of $35,612.50. Following the completion of the transaction, the chief financial officer directly owned 718,538 shares in the company, valued at $6,646,476.50. This represents a 0.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Sky Harbour Group Price Performance

Sky Harbour Group stock opened at $9.54 on Thursday. Sky Harbour Group Co. has a one year low of $8.22 and a one year high of $11.70. The stock has a market capitalization of $730.85 million, a PE ratio of -52.99 and a beta of 1.35. The business’s fifty day moving average is $10.33 and its 200 day moving average is $10.01.

Sky Harbour Group (NYSE:SKYH) last issued its earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share 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 analyst estimates 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, sell-side analysts expect that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Institutional Trading of Sky Harbour Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in shares of Sky Harbour Group during the 2nd quarter valued at about $472,000. Yorkville Advisors Global LP increased its holdings in Sky Harbour Group by 80.0% in the 1st quarter. Yorkville Advisors Global LP now owns 90,000 shares of the company’s stock worth $867,000 after acquiring an additional 40,000 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Sky Harbour Group by 81.7% in the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after acquiring an additional 45,349 shares in the last quarter. RMR Capital Management LLC bought a new stake in Sky Harbour Group during the 1st quarter worth approximately $1,170,000. Finally, Bank of America Corp DE raised its stake in 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 acquiring an additional 6,545 shares during the period. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Wall Street Analysts Forecast Growth

SKYH has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, September 20th. BTIG Research reiterated a “buy” rating and set a $13.00 target price on shares of Sky Harbour Group in a research note on Monday, September 14th. Roth Capital restated a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a research note on Tuesday, August 18th. Finally, Weiss Ratings lowered Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 21st. 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $12.75.

Sky Harbour Group Company Profile

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.