Sky Harbour Group Co. (NYSE:SKYH – Get Free Report) CFO Francisco Gonzalez bought 1,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $10.05 per share, with a total value of $10,050.00. Following the completion of the acquisition, the chief financial officer directly owned 710,588 shares in the company, valued at approximately $7,141,409.40. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Sky Harbour Group Trading Up 1.9%
SKYH opened at $10.40 on Friday. The company has a market capitalization of $795.91 million, a price-to-earnings ratio of -57.78 and a beta of 1.31. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The business’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $9.76.
Sky Harbour Group (NYSE:SKYH – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, beating 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 firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. On average, equities research analysts predict that Sky Harbour Group Co. will post -0.52 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Research Report on Sky Harbour Group
Institutional Investors Weigh In On Sky Harbour Group
Several institutional investors have recently added to or reduced their stakes in SKYH. RMR Capital Management LLC acquired a new position in shares of Sky Harbour Group during the first quarter valued at about $1,170,000. American Century Companies Inc. raised its position in shares of Sky Harbour Group by 64.9% in the 2nd quarter. American Century Companies Inc. now owns 34,123 shares of the company’s stock valued at $333,000 after purchasing an additional 13,434 shares during the last quarter. Rhumbline Advisers raised its position in shares of Sky Harbour Group by 185.5% in the 2nd quarter. Rhumbline Advisers now owns 33,409 shares of the company’s stock valued at $326,000 after purchasing an additional 21,708 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Sky Harbour Group by 65.4% in the 4th quarter. Wells Fargo & Company MN now owns 23,267 shares of the company’s stock worth $209,000 after purchasing an additional 9,199 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Sky Harbour Group by 28.6% in the 3rd quarter. Alliancebernstein L.P. now owns 17,080 shares of the company’s stock worth $169,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.
About Sky Harbour Group
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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