Sky Harbour Group Co. (NYSE:SKYH – Get Free Report) CFO Francisco Gonzalez bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $10,080.00. Following the completion of the transaction, the chief financial officer owned 711,588 shares of the company’s stock, valued at $7,172,807.04. This represents a 0.14% increase in their ownership of the stock. The acquisition 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 Tuesday, August 18th, Francisco Gonzalez acquired 1,000 shares of Sky Harbour Group stock. The stock was purchased at an average price of $10.05 per share, with a total value of $10,050.00.
Sky Harbour Group Trading Down 1.5%
Shares of NYSE:SKYH opened at $9.99 on Wednesday. The firm has a market capitalization of $765.43 million, a PE ratio of -55.50 and a beta of 1.31. Sky Harbour Group Co. has a 1-year low of $8.22 and a 1-year high of $11.70. The business’s 50 day moving average is $10.45 and its 200-day moving average is $9.94.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on SKYH shares. Weiss Ratings upgraded shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Roth Capital reissued a “buy” rating and issued a $12.50 target price on shares of Sky Harbour Group in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Sky Harbour Group from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, BTIG Research restated a “buy” rating and set a $13.00 price target on shares of Sky Harbour Group in a research note on Monday. Two equities 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 stock. According to data from MarketBeat, Sky Harbour Group presently has a consensus rating of “Buy” and a consensus price target of $12.75.
Get Our Latest Research Report on SKYH
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yorkville Advisors Global LP bought a new stake in shares of Sky Harbour Group in the 4th quarter worth about $448,000. Bank of New York Mellon Corp bought a new position in Sky Harbour Group during the 2nd quarter valued at about $472,000. Squarepoint Ops LLC boosted its position in Sky Harbour Group by 81.7% in the second 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. RMR Capital Management LLC acquired a new position in Sky Harbour Group in the first quarter valued at about $1,170,000. Finally, Bank of America Corp DE boosted its position in Sky Harbour Group by 1.8% in the first quarter. Bank of America Corp DE now owns 374,021 shares of the company’s stock valued at $3,602,000 after buying an additional 6,545 shares in the last quarter. 14.75% of the stock is owned by institutional investors.
About Sky Harbour Group
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.
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