Sky Harbour Group (NYSE:SKYH – Get Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued on Thursday, Benzinga reports. They currently have a $13.00 price target on the stock. BTIG Research‘s price objective points to a potential upside of 43.33% from the company’s current price.
Other equities analysts have also issued research reports about the company. Weiss Ratings raised Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Sky Harbour Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, September 20th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $12.75.
Read Our Latest Analysis on SKYH
Sky Harbour Group Stock Performance
SKYH traded up $0.02 during trading on Thursday, reaching $9.07. 120,118 shares of the company’s stock were exchanged, compared to its average volume of 156,023. The company’s fifty day moving average price is $9.98 and its 200-day moving average price is $9.98. The firm has a market capitalization of $694.94 million, a PE ratio of -50.39 and a beta of 1.35. Sky Harbour Group has a fifty-two week low of $8.22 and a fifty-two week high of $11.70.
Sky Harbour Group (NYSE:SKYH – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 business had revenue of $0.01 million for the quarter, compared to analyst estimates of $9.44 million. Research analysts forecast that Sky Harbour Group will post -0.52 earnings per share for the current fiscal year.
Insider Activity
In other Sky Harbour Group news, CFO Francisco Gonzalez bought 3,850 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was purchased at an average cost of $9.25 per share, with a total value of $35,612.50. Following the completion of the purchase, the chief financial officer owned 718,538 shares in the company, valued at approximately $6,646,476.50. The trade was a 0.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew Gessow purchased 5,000 shares of the stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $10.85 per share, with a total value of $54,250.00. Following the completion of the acquisition, the director directly owned 22,910 shares of the company’s stock, valued at approximately $248,573.50. This represents a 27.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 13,950 shares of company stock worth $139,568. Corporate insiders own 40.70% of the company’s stock.
Institutional Trading of Sky Harbour Group
A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Sky Harbour Group by 497.0% during the third quarter. GAMMA Investing LLC now owns 3,379 shares of the company’s stock worth $32,000 after acquiring an additional 2,813 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group during the second quarter worth $472,000. Yorkville Advisors Global LP raised its holdings in shares of Sky Harbour Group by 80.0% during 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 raised its holdings in shares of Sky Harbour Group by 81.7% during the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after acquiring an additional 45,349 shares during the period. Finally, RMR Capital Management LLC acquired a new stake in shares of Sky Harbour Group during the first quarter worth $1,170,000. 14.75% of the stock is owned by institutional investors.
Sky Harbour Group Company Profile
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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