Sky Harbour Group Co. (NYSE:SKYH) Receives $12.75 Average Price Target from Analysts

Sky Harbour Group Co. (NYSE:SKYH) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.75.

SKYH has been the topic of a number of research reports. BTIG Research reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a report on Monday. Weiss Ratings upgraded shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Roth Capital reaffirmed a “buy” rating and set a $12.50 price target on shares of Sky Harbour Group in a research report on Tuesday, August 18th. Finally, Wall Street Zen cut shares of Sky Harbour Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 12th.

Insider Buying and Selling at Sky Harbour Group

In other Sky Harbour Group news, Director Andrew Gessow purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $10.85 per share, for a total transaction of $54,250.00. Following the completion of the transaction, the director owned 22,910 shares in the company, valued at approximately $248,573.50. This represents a 27.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased 7,000 shares of company stock valued at $74,380 in the last three months. 40.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sky Harbour Group

Hedge funds have recently added to or reduced their stakes in the stock. Altai Capital Management L.P. bought a new stake in shares of Sky Harbour Group during the 2nd quarter worth $7,039,000. RMR Capital Management LLC bought a new position in Sky Harbour Group in the first quarter valued at about $1,170,000. Yorkville Advisors Global LP acquired a new position in Sky Harbour Group during the fourth quarter worth about $448,000. Bank of New York Mellon Corp acquired a new position in Sky Harbour Group during the second quarter worth about $472,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Sky Harbour Group by 81.7% in the second quarter. Squarepoint Ops LLC now owns 100,888 shares of the company’s stock worth $993,000 after acquiring an additional 45,349 shares during the last quarter. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Stock Down 0.3%

Shares of SKYH stock opened at $9.96 on Friday. The firm has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $9.94. The company has a market capitalization of $763.14 million, a PE ratio of -55.33 and a beta of 1.31. Sky Harbour Group has a 12-month low of $8.22 and a 12-month high of $11.70.

Sky Harbour Group (NYSE:SKYH) last posted its earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $9.44 million. Sky Harbour Group had a return on equity of 6.45% and a net margin of 2.73%. As a group, research analysts expect that Sky Harbour Group will post -0.52 EPS for the current year.

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.