Sky Harbour Group (NYSE:SKYH – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a report released on Thursday, Benzinga reports. They currently have a $13.00 price target on the stock. BTIG Research‘s price objective suggests a potential upside of 43.33% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research report 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 target price 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $12.75.
View Our Latest Report on SKYH
Sky Harbour Group Trading Up 0.2%
SKYH stock traded up $0.02 during trading hours on Thursday, hitting $9.07. 120,117 shares of the stock traded hands, compared to its average volume of 155,773. The stock has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $9.98. Sky Harbour Group has a one year low of $8.22 and a one year high of $11.70. The company has a market cap of $694.94 million, a P/E ratio of -50.39 and a beta of 1.35.
Sky Harbour Group (NYSE:SKYH – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.44 million. Analysts forecast that Sky Harbour Group will post -0.52 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Francisco Gonzalez acquired 3,850 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was bought at an average price of $9.25 per share, for a total transaction of $35,612.50. Following the transaction, the chief financial officer owned 718,538 shares of the company’s stock, valued at approximately $6,646,476.50. The trade was a 0.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Gessow acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $10.85 per share, with a total value of $54,250.00. Following the transaction, the director directly owned 22,910 shares in the company, valued at approximately $248,573.50. The trade was a 27.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 13,950 shares of company stock valued at $139,568 in the last quarter. Insiders own 40.70% of the company’s stock.
Institutional Investors Weigh In On Sky Harbour Group
Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Sky Harbour Group by 497.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,379 shares of the company’s stock valued at $32,000 after acquiring an additional 2,813 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group during the 2nd quarter valued at $472,000. Yorkville Advisors Global LP lifted its position in shares of Sky Harbour Group by 80.0% during the 1st quarter. Yorkville Advisors Global LP now owns 90,000 shares of the company’s stock valued at $867,000 after acquiring an additional 40,000 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Sky Harbour Group by 81.7% during the 2nd quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock valued at $993,000 after acquiring an additional 45,349 shares during the last quarter. Finally, RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group during the 1st quarter valued at $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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