Sky Harbour Group Co. (NYSE:SKYH) Receives $13.50 Average Price Target from Brokerages

Shares of Sky Harbour Group Co. (NYSE:SKYHGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several equities research analysts have issued reports on the stock. Noble Financial raised shares of Sky Harbour Group to a “strong-buy” rating in a research note on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and set a $13.00 price target on shares of Sky Harbour Group in a research note on Tuesday, March 24th. Finally, Weiss Ratings cut shares of Sky Harbour Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th.

View Our Latest Stock Analysis on SKYH

Insider Activity

In related news, major shareholder Omaha Corp Boston sold 331,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $9.05, for a total value of $3,000,075.00. Following the sale, the insider directly owned 8,666,163 shares of the company’s stock, valued at approximately $78,428,775.15. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew J. Gessow bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $8.95 per share, for a total transaction of $44,750.00. Following the completion of the transaction, the director directly owned 17,910 shares of the company’s stock, valued at approximately $160,294.50. The trade was a 38.73% increase in their position. The SEC filing for this purchase provides additional information. 40.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Sky Harbour Group by 2.5% in the fourth quarter. State Street Corp now owns 581,050 shares of the company’s stock worth $5,212,000 after acquiring an additional 14,035 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sky Harbour Group by 32.1% in the second quarter. Geode Capital Management LLC now owns 465,415 shares of the company’s stock worth $4,548,000 after acquiring an additional 112,994 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sky Harbour Group by 64.9% in the second quarter. American Century Companies Inc. now owns 34,123 shares of the company’s stock worth $333,000 after acquiring an additional 13,434 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Sky Harbour Group by 185.5% in the second quarter. Rhumbline Advisers now owns 33,409 shares of the company’s stock worth $326,000 after acquiring an additional 21,708 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Sky Harbour Group by 9.1% in the fourth quarter. Barclays PLC now owns 33,262 shares of the company’s stock worth $298,000 after acquiring an additional 2,785 shares during the last quarter. 14.75% of the stock is owned by institutional investors and hedge funds.

Sky Harbour Group Trading Up 1.0%

Shares of NYSE SKYH opened at $9.01 on Wednesday. The stock has a market cap of $689.54 million, a price-to-earnings ratio of 225.25 and a beta of 1.39. Sky Harbour Group has a 52 week low of $8.22 and a 52 week high of $11.28. The company’s 50-day moving average price is $9.90 and its 200 day moving average price is $9.41.

Sky Harbour Group (NYSE:SKYHGet Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $8.73 million during the quarter, compared to analyst estimates of $9.96 million. Sky Harbour Group had a net margin of 63.95% and a return on equity of 6.83%. As a group, research analysts expect that Sky Harbour Group will post -0.61 earnings per share for the current year.

Sky Harbour Group Company Profile

(Get Free Report)

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.

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Analyst Recommendations for Sky Harbour Group (NYSE:SKYH)

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