Sky Harbour Group Co. (NYSE:SKYH – Get Free Report) Director Andrew Gessow purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $10.85 per share, for a total transaction of $54,250.00. Following the transaction, the director directly owned 22,910 shares of the company’s stock, valued at $248,573.50. This trade represents a 27.92% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Sky Harbour Group Stock Down 1.6%
SKYH stock opened at $10.17 on Friday. The company has a market cap of $778.31 million, a PE ratio of -56.50 and a beta of 1.31. The business has a 50-day simple moving average of $10.18 and a 200 day simple moving average of $9.75. Sky Harbour Group Co. has a 52 week low of $8.22 and a 52 week high of $11.70.
Sky Harbour Group (NYSE:SKYH – Get Free Report) last announced its quarterly earnings data 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 net margin of 2.73% and a return on equity of 6.45%. The firm had revenue of $0.01 million for the quarter, compared to the consensus estimate of $9.44 million. On average, analysts anticipate that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.
Institutional Trading of Sky Harbour Group
Analyst Ratings Changes
Several research analysts have commented on SKYH shares. Roth Capital restated a “buy” rating and set a $12.50 price objective on shares of Sky Harbour Group in a research report on Tuesday. Noble Financial upgraded Sky Harbour Group to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded Sky Harbour Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.75.
Check Out Our Latest Report on Sky Harbour Group
Sky Harbour Group Company Profile
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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