Andrew Gessow Acquires 5,000 Shares of Sky Harbour Group (NYSE:SKYH) Stock

Sky Harbour Group Co. (NYSE:SKYHGet Free Report) Director Andrew Gessow bought 5,000 shares of Sky Harbour Group stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $8.95 per share, with a total value of $44,750.00. Following the completion of the acquisition, the director directly owned 17,910 shares of the company’s stock, valued at $160,294.50. This represents a 38.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sky Harbour Group Stock Performance

Shares of NYSE:SKYH opened at $8.91 on Friday. The stock has a market capitalization of $678.74 million, a price-to-earnings ratio of 222.80 and a beta of 1.39. Sky Harbour Group Co. has a 1-year low of $8.22 and a 1-year high of $11.28. The company has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.43.

Sky Harbour Group (NYSE:SKYHGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $8.73 million for the quarter, compared to the consensus estimate of $9.96 million. Sky Harbour Group had a return on equity of 6.83% and a net margin of 63.95%. On average, sell-side analysts expect that Sky Harbour Group Co. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Noble Financial raised shares of Sky Harbour Group to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered shares of Sky Harbour Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Check Out Our Latest Research Report on Sky Harbour Group

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKYH. Geode Capital Management LLC boosted its stake in Sky Harbour Group by 32.1% in the 2nd quarter. Geode Capital Management LLC now owns 465,415 shares of the company’s stock worth $4,548,000 after purchasing an additional 112,994 shares during the period. Rhumbline Advisers boosted its stake in shares of Sky Harbour Group by 185.5% during the 2nd quarter. Rhumbline Advisers now owns 33,409 shares of the company’s stock valued at $326,000 after buying an additional 21,708 shares during the period. American Century Companies Inc. boosted its stake in shares of Sky Harbour Group by 64.9% during the 2nd quarter. American Century Companies Inc. now owns 34,123 shares of the company’s stock valued at $333,000 after buying an additional 13,434 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $114,000 after buying an additional 4,721 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Sky Harbour Group by 173.7% during the 2nd quarter. Bank of America Corp DE now owns 702,494 shares of the company’s stock valued at $6,863,000 after buying an additional 445,828 shares during the period. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

(Get Free Report)

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.

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