Sky Harbour Group Co. (NYSE:SKYH – Get Free Report) CFO Francisco Gonzalez bought 1,500 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average price of $9.69 per share, for a total transaction of $14,535.00. Following the transaction, the chief financial officer directly owned 713,088 shares of the company’s stock, valued at approximately $6,909,822.72. This represents a 0.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Francisco Gonzalez also recently made the following trade(s):
- On Thursday, October 1st, Francisco Gonzalez bought 1,600 shares of Sky Harbour Group stock. The stock was purchased at an average cost of $9.40 per share, with a total value of $15,040.00.
- On Friday, September 11th, Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock. The stock was purchased at an average cost of $10.08 per share, with a total value of $10,080.00.
- On Tuesday, August 18th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The shares were purchased at an average price of $10.05 per share, for a total transaction of $10,050.00.
Sky Harbour Group Stock Down 1.2%
NYSE:SKYH opened at $9.36 on Friday. The company has a market capitalization of $716.78 million, a PE ratio of -51.97 and a beta of 1.35. Sky Harbour Group Co. has a 52-week low of $8.22 and a 52-week high of $11.70. The stock’s 50 day moving average price is $10.39 and its 200 day moving average price is $10.01.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SKYH. Altai Capital Management L.P. acquired a new position in shares of Sky Harbour Group in the second quarter valued at approximately $7,039,000. RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group during the first quarter worth $1,170,000. Yorkville Advisors Global LP acquired a new stake in shares of Sky Harbour Group during the fourth quarter worth $448,000. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group during the second quarter worth $472,000. Finally, Squarepoint Ops LLC grew its position in 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 during the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
SKYH has been the subject of several research reports. BTIG Research reiterated a “buy” rating and issued a $13.00 price target on shares of Sky Harbour Group in a research report on Monday, September 14th. Roth Capital reissued a “buy” rating and set a $12.50 price objective on shares of Sky Harbour Group in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sky Harbour Group currently has an average rating of “Buy” and a consensus price target of $12.75.
Read Our Latest Stock Analysis on Sky Harbour Group
About Sky Harbour Group
Sky Harbour Group Corporation develops and operates aviation infrastructure for business and general aviation. The company focuses on building and managing private hangar campuses designed to provide secure aircraft storage and related facilities for business aircraft owners and operators.
Its campuses typically offer dedicated aircraft hangars, office and support space, and other aviation-oriented amenities. Sky Harbour’s business model is centered on developing properties at strategically located airports and leasing or providing access to the facilities for private aviation customers.
The company is building a network of aviation campuses across the United States, with a focus on serving major metropolitan areas and regional business aviation markets.
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