Sky Harbour Group (NYSE:SKYH – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a research note issued to investors on Thursday, Benzinga reports. They presently have a $13.00 price target on the stock. BTIG Research‘s target price would indicate a potential upside of 42.58% from the stock’s current price.
Several other analysts have also recently commented on the stock. Wall Street Zen raised shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 20th. Weiss Ratings raised shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, Roth Capital reissued a “buy” rating and set a $12.50 price target on shares of Sky Harbour Group in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $12.75.
Get Our Latest Stock Analysis on Sky Harbour Group
Sky Harbour Group Stock Performance
Sky Harbour Group stock traded up $0.07 during trading hours on Thursday, hitting $9.12. 23,715 shares of the stock were exchanged, compared to its average volume of 155,517. The stock has a market capitalization of $698.62 million, a P/E ratio of -50.74 and a beta of 1.35. Sky Harbour Group has a 12 month low of $8.22 and a 12 month high of $11.70. The business’s 50-day moving average is $9.98 and its two-hundred day moving average is $9.98.
Sky Harbour Group (NYSE:SKYH – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. Sky Harbour Group had a net margin of 2.73% and a return on equity of 6.45%. The business had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $9.44 million. On average, equities analysts predict that Sky Harbour Group will post -0.52 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Francisco Gonzalez bought 3,850 shares of Sky Harbour Group stock in a transaction that occurred on Friday, October 2nd. The stock was acquired at an average price of $9.25 per share, with a total value of $35,612.50. Following the acquisition, the chief financial officer owned 718,538 shares of the company’s stock, valued at approximately $6,646,476.50. This represents a 0.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew J. Gessow bought 5,000 shares of Sky Harbour Group stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $10.85 per share, with a total value of $54,250.00. Following the acquisition, the director directly owned 22,910 shares in the company, valued at $248,573.50. This trade represents a 27.92% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 13,950 shares of company stock valued at $139,568. 40.70% of the stock is owned by insiders.
Institutional Trading of Sky Harbour Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Sky Harbour Group by 497.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,379 shares of the company’s stock valued at $32,000 after purchasing an additional 2,813 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the 2nd quarter valued at about $472,000. Yorkville Advisors Global LP boosted its holdings in shares of Sky Harbour Group by 80.0% in the first 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. Squarepoint Ops LLC lifted its holdings in shares of Sky Harbour Group by 81.7% in the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after buying an additional 45,349 shares in the last quarter. Finally, RMR Capital Management LLC purchased a new stake in Sky Harbour Group in the first quarter valued at approximately $1,170,000. Institutional investors and hedge funds own 14.75% of the company’s stock.
About Sky Harbour Group
Sky Harbour Group Corporation develops, owns and operates private aviation hangar campuses at airports in the United States. The company focuses on providing purpose-built infrastructure for business aircraft owners and operators, with facilities designed to support the storage, maintenance and operation of private aircraft.
Its airport campuses generally include individual or multi-aircraft hangars, along with amenities such as pilot and crew lounges, office space, parking and other aviation-related services.
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