Sky Harbour Group Co. (NYSE:SKYH) Receives $13.83 Average Target Price from Analysts

Shares of Sky Harbour Group Co. (NYSE:SKYH) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $13.8333.

A number of equities analysts have weighed in on SKYH shares. BTIG Research reissued a “buy” rating and set a $13.00 price target on shares of Sky Harbour Group in a research report on Tuesday, March 24th. Weiss Ratings started coverage on Sky Harbour Group in a research report on Monday, March 23rd. They set a “sell (d+)” rating on the stock.

Insiders Place Their Bets

In other Sky Harbour Group news, major shareholder Omaha Corp Boston sold 331,500 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $9.05, for a total transaction of $3,000,075.00. Following the transaction, the insider owned 8,666,163 shares of the company’s stock, valued at $78,428,775.15. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 40.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Sky Harbour Group by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,175,780 shares of the company’s stock valued at $11,605,000 after purchasing an additional 15,250 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sky Harbour Group by 173.7% in the second quarter. Bank of America Corp DE now owns 702,494 shares of the company’s stock valued at $6,863,000 after purchasing an additional 445,828 shares during the last quarter. State Street Corp grew its position in shares of Sky Harbour Group by 2.5% in the fourth quarter. State Street Corp now owns 581,050 shares of the company’s stock valued at $5,212,000 after purchasing an additional 14,035 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sky Harbour Group by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 512,506 shares of the company’s stock valued at $4,598,000 after purchasing an additional 14,194 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE grew its position in shares of Sky Harbour Group by 4.2% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 473,417 shares of the company’s stock valued at $4,673,000 after purchasing an additional 19,117 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Stock Up 1.3%

Shares of NYSE SKYH opened at $10.55 on Wednesday. The business’s 50 day moving average price is $9.66 and its two-hundred day moving average price is $9.49. The company has a market cap of $803.11 million, a PE ratio of 1,054.50 and a beta of 1.41. Sky Harbour Group has a twelve month low of $8.22 and a twelve month high of $12.67.

Sky Harbour Group (NYSE:SKYH) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts anticipate that Sky Harbour Group will post -0.66 EPS for the current fiscal year.

Sky Harbour Group Company Profile

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.