Sky Harbour Group (NYSE:SKYH) Major Shareholder Sells $3,000,075.00 in Stock

Key Points

• Major shareholder Omaha Corp Boston sold 331,500 shares of SKYH at an average price of $9.05 for proceeds of $3,000,075, trimming its position by 3.68% to 8,666,163 shares (valued at about $78.43M).
• Sky Harbour reported $0.25 EPS for the quarter, beating the consensus by $0.40 while revenue missed at $8.06M versus an expected $9.27M; the quarter showed a 68.33% net margin and 8.03% ROE.
• Shares rose about 2% to $10.20 (market cap ~$776.8M) and analyst coverage is mixed, with a consensus "Hold" and a $13 price target after one Buy and one Sell rating.

Sky Harbour Group (NYSE:SKYH - Get Free Report) major shareholder Omaha Corp Boston sold 331,500 shares of Sky Harbour Group stock in a transaction 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 completion of the sale, the insider owned 8,666,163 shares in the company, valued at $78,428,775.15. This represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Sky Harbour Group Trading Up 2.0%

Shares of SKYH stock traded up $0.20 on Wednesday, hitting $10.20. The stock had a trading volume of 158,734 shares, compared to its average volume of 132,661. The company has a market capitalization of $776.84 million, a PE ratio of 1,020.00 and a beta of 1.41. Sky Harbour Group has a 1 year low of $8.22 and a 1 year high of $12.67.

Sky Harbour Group (NYSE:SKYH - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.40. The firm had revenue of $8.06 million for the quarter, compared to the consensus estimate of $9.27 million. Sky Harbour Group had a return on equity of 8.03% and a net margin of 68.33%.

Analyst Upgrades and Downgrades

SKYH has been the topic of several research analyst reports. BTIG Research reiterated a "buy" rating and issued a $13.00 price objective on shares of Sky Harbour Group in a report on Tuesday, March 24th. Weiss Ratings initiated coverage on Sky Harbour Group in a report on Monday, March 23rd. They issued a "sell (d+)" rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Sky Harbour Group currently has a consensus rating of "Hold" and a consensus price target of $13.00.

About Sky Harbour Group

Sky Harbour Group NYSE: SKYH is a publicly traded company focused on the ownership, development and operation of aviation real estate and infrastructure, with particular emphasis on hangars and support facilities for business and general aviation. The company acquires, constructs and leases premium aircraft storage and maintenance space intended to serve owners and operators of business jets and other corporate aircraft, and it pursues opportunities to consolidate scarce hangar capacity at key airports.

Its principal activities include development and redevelopment of hangar buildings, long‑term leasing and management of aviation properties, and partnering with fixed‑base operators and maintenance providers to deliver services that support aircraft operations.

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