Sky Harbour Group (NYSE:SKYH) Stock: Insider Francisco Gonzalez Acquires 1,500 Shares

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of $9.69 per share, with a total value of $14,535.00. Following the completion of the purchase, the chief financial officer directly owned 713,088 shares of the company’s stock, valued at $6,909,822.72. This represents a 0.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, September 11th, Francisco Gonzalez acquired 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, for a total transaction of $10,050.00.

Sky Harbour Group Stock Performance

NYSE SKYH traded down $0.04 during trading on Thursday, reaching $9.44. 70,422 shares of the company traded hands, compared to its average volume of 153,555. Sky Harbour Group Co. has a 1-year low of $8.22 and a 1-year high of $11.70. The company has a market cap of $722.91 million, a price-to-earnings ratio of -52.56 and a beta of 1.31. The stock’s 50 day moving average price is $10.43 and its two-hundred day moving average price is $10.01.

Sky Harbour Group (NYSE:SKYH) last posted its 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. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%.The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. Equities research analysts expect that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Sky Harbour Group

A number of institutional investors have recently made changes to their positions in SKYH. Altai Capital Management L.P. bought a new stake in shares of Sky Harbour Group in the second quarter valued at approximately $7,039,000. Bank of America Corp DE lifted its position in 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 purchasing an additional 6,545 shares during the period. RMR Capital Management LLC bought a new position in Sky Harbour Group in the 1st quarter valued at about $1,170,000. Squarepoint Ops LLC raised its position in shares of Sky Harbour Group by 81.7% in the 2nd 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 in the last quarter. Finally, Yorkville Advisors Global LP lifted its holdings in shares of Sky Harbour Group by 80.0% during 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 during the period. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

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.