Sky Harbour Group (NYSE:SKYH) CFO Francisco Gonzalez Acquires 1,000 Shares

Key Points

• CFO insider purchase: Francisco Gonzalez bought 1,000 Sky Harbour Group shares at an average price of $10.08, investing $10,080. Following the transaction, he directly owned 711,588 shares valued at approximately $7.17 million.
• Stock and earnings: SKYH opened at $10.05, compared with a 52-week range of $8.22 to $11.70. The company reported a quarterly loss of $0.04 per share, beating the $0.14 loss expected by analysts, but revenue was only $0.01 million versus the $9.44 million consensus estimate.
• Analyst outlook and institutional activity: Analysts maintain a consensus “Buy” rating with a $12.75 price target, while several institutions increased their holdings during the second quarter. Institutional investors collectively own 14.75% of the company.

Sky Harbour Group Co. (NYSE:SKYH - Get Free Report) CFO Francisco Gonzalez purchased 1,000 shares of the business's stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $10,080.00. Following the transaction, the chief financial officer directly owned 711,588 shares of the company's stock, valued at approximately $7,172,807.04. The trade was a 0.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 18th, Francisco Gonzalez purchased 1,000 shares of Sky Harbour Group stock. The stock was bought at an average price of $10.05 per share, with a total value of $10,050.00.

Sky Harbour Group Price Performance

Shares of SKYH opened at $10.05 on Monday. Sky Harbour Group Co. has a one year low of $8.22 and a one year high of $11.70. The company has a market cap of $770.03 million, a PE ratio of -55.83 and a beta of 1.31. The stock has a 50-day moving average of $10.46 and a 200-day moving average of $9.92.

Sky Harbour Group (NYSE:SKYH - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate 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 company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. Analysts expect that Sky Harbour Group Co. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SKYH shares. Noble Financial raised shares of Sky Harbour Group to a "strong-buy" rating in a report on Monday, May 18th. Roth Capital reiterated a "buy" rating and issued a $12.50 price target on shares of Sky Harbour Group in a research report on Tuesday, August 18th. Wall Street Zen cut Sky Harbour Group from a "sell" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings upgraded Sky Harbour Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. Finally, BTIG Research reaffirmed a "buy" rating and set a $13.00 target price on shares of Sky Harbour Group in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Sky Harbour Group has an average rating of "Buy" and a consensus price target of $12.75.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Sky Harbour Group by 32.1% in the 2nd 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. Rhumbline Advisers raised its stake in Sky Harbour Group by 185.5% in the second quarter. Rhumbline Advisers now owns 33,409 shares of the company's stock valued at $326,000 after purchasing an additional 21,708 shares in the last quarter. American Century Companies Inc. lifted its position in Sky Harbour Group by 64.9% during the second quarter. American Century Companies Inc. now owns 34,123 shares of the company's stock valued at $333,000 after purchasing an additional 13,434 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company's stock valued at $114,000 after purchasing an additional 4,721 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Sky Harbour Group by 173.7% in the 2nd quarter. Bank of America Corp DE now owns 702,494 shares of the company's stock worth $6,863,000 after buying an additional 445,828 shares in the last quarter. Institutional investors own 14.75% of the company's stock.

Sky Harbour Group Company Profile

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.

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