Sky Harbour Group (NYSE:SKYH) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Sky Harbour Group (NYSE:SKYH) from a sell rating to a strong sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also issued reports on the company. Weiss Ratings raised Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Roth Capital reissued a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a report on Tuesday, August 18th. Finally, Noble Financial upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $12.75.

Sky Harbour Group Stock Down 2.1%

Shares of NYSE SKYH opened at $10.05 on Friday. The company has a market capitalization of $770.03 million, a PE ratio of -55.83 and a beta of 1.31. The stock’s 50 day moving average price is $10.46 and its 200-day moving average price is $9.91. Sky Harbour Group has a twelve month low of $8.22 and a twelve month high of $11.70.

Sky Harbour Group (NYSE:SKYH) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%.The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. As a group, research analysts expect that Sky Harbour Group will post -0.52 EPS for the current fiscal year.

Insider Activity at Sky Harbour Group

In other Sky Harbour Group news, Director Andrew Gessow acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $10.85 per share, with a total value of $54,250.00. Following the acquisition, the director owned 22,910 shares in the company, valued at approximately $248,573.50. This represents a 27.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 40.70% of the company’s stock.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of Sky Harbour Group by 145.6% in the third 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 bought a new stake in shares of Sky Harbour Group during the 4th quarter valued at $83,000. Quadrant Capital Group LLC purchased a new stake in Sky Harbour Group during the 3rd quarter worth about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sky Harbour Group by 68.2% during the 2nd 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 grew its holdings in Sky Harbour Group by 9.9% during the 4th quarter. Deutsche Bank AG now owns 15,007 shares of the company’s stock valued at $135,000 after buying an additional 1,357 shares in the last quarter. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

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.