Sky Harbour Group (NYSE:SKYH) Rating Lowered to Strong Sell at Wall Street Zen

Sky Harbour Group (NYSE:SKYH) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently commented on SKYH. Roth Capital reaffirmed a “buy” rating and set a $12.50 target price on shares of Sky Harbour Group in a research note on Tuesday, August 18th. Weiss Ratings upgraded shares of Sky Harbour Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Finally, Noble Financial raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sky Harbour Group presently has a consensus rating of “Buy” and an average price target of $12.75.

Sky Harbour Group Stock Up 0.4%

Sky Harbour Group stock opened at $10.05 on Friday. The company has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $9.92. The firm has a market capitalization of $770.03 million, a price-to-earnings ratio of -55.83 and a beta of 1.31. Sky Harbour Group has a 52-week low of $8.22 and a 52-week high of $11.70.

Sky Harbour Group (NYSE:SKYH) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, beating 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 company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $9.44 million. On average, research analysts anticipate that Sky Harbour Group will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling at Sky Harbour Group

In related news, Director Andrew Gessow purchased 5,000 shares of Sky Harbour Group stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $10.85 per share, with a total value of $54,250.00. Following the purchase, the director owned 22,910 shares of the company’s stock, valued at approximately $248,573.50. The trade was a 27.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 40.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Sky Harbour Group

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its position in Sky Harbour Group by 154.7% in the second quarter. California State Teachers Retirement System now owns 2,932 shares of the company’s stock valued at $298,000 after purchasing an additional 1,781 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Sky Harbour Group by 145.6% during the third quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock worth $49,000 after buying an additional 2,971 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Sky Harbour Group in the fourth quarter valued at $83,000. Quadrant Capital Group LLC purchased a new stake in shares of Sky Harbour Group in the 3rd quarter valued at $99,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sky Harbour Group by 68.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock valued at $114,000 after buying an additional 4,721 shares during the period. Institutional investors and hedge funds 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.