Sky Harbour Group (NYSE:SKYH) CFO Francisco Gonzalez Acquires 1,600 Shares of Company Stock

Sky Harbour Group Co. (NYSE:SKYH) CFO Francisco Gonzalez acquired 1,600 shares of Sky Harbour Group stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of $9.40 per share, with a total value of $15,040.00. Following the purchase, the chief financial officer owned 714,688 shares of the company’s stock, valued at $6,718,067.20. The trade was a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Francisco Gonzalez also recently made the following trade(s):

• On Wednesday, September 30th, Francisco Gonzalez bought 1,500 shares of Sky Harbour Group stock. The shares were acquired at an average price of $9.69 per share, for a total transaction of $14,535.00.
• On Friday, September 11th, Francisco Gonzalez bought 1,000 shares of Sky Harbour Group stock. The stock was acquired at an average cost of $10.08 per share, for a total transaction of $10,080.00.
• On Tuesday, August 18th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The stock was acquired at an average price of $10.05 per share, with a total value of $10,050.00.

Sky Harbour Group Stock Performance

Sky Harbour Group stock traded down $0.09 during midday trading on Friday, hitting $9.38. 35,238 shares of the company’s stock were exchanged, compared to its average volume of 154,342. The firm’s 50 day simple moving average is $10.41 and its 200 day simple moving average is $10.01. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $11.70. The stock has a market cap of $718.74 million, a price-to-earnings ratio of -52.53 and a beta of 1.31.

Sky Harbour Group (NYSE:SKYH) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share 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 company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $9.44 million. On average, equities research analysts forecast that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Institutional Trading of Sky Harbour Group

A number of hedge funds have recently added to or reduced their stakes in SKYH. Squarepoint Ops LLC increased its holdings in shares of Sky Harbour Group by 81.7% in 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. Altai Capital Management L.P. bought a new position in shares of Sky Harbour Group in the 2nd quarter worth about $7,039,000. Bank of New York Mellon Corp bought a new stake in shares of Sky Harbour Group during the 2nd quarter valued at about $472,000. RMR Capital Management LLC acquired a new stake in Sky Harbour Group during the first quarter worth about $1,170,000. Finally, Bank of America Corp DE raised its stake in Sky Harbour Group by 1.8% during the first quarter. Bank of America Corp DE now owns 374,021 shares of the company’s stock worth $3,602,000 after acquiring an additional 6,545 shares during the period. 14.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SKYH shares. Weiss Ratings cut shares of Sky Harbour Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 21st. BTIG Research reissued a “buy” rating and set a $13.00 target price on shares of Sky Harbour Group in a research note on Monday, September 14th. Roth Capital reissued a “buy” rating and issued a $12.50 price target on shares of Sky Harbour Group in a report on Tuesday, August 18th. Finally, 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. Two investment 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. According to MarketBeat.com, Sky Harbour Group has an average rating of “Buy” and a consensus price target of $12.75.

About Sky Harbour Group

Sky Harbour Group Corporation (NYSE: SKYH) develops, owns and operates aviation infrastructure for business and private aviation. The company focuses on purpose-built “Hangar Campuses” that provide aircraft owners and operators with secure, high-quality facilities for storing and managing private aircraft.

Its campuses are designed to offer more than aircraft storage, incorporating amenities such as private hangars, pilot and passenger facilities, office space, and other services intended to support business aviation activity.