Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Director Alexander Buffett Rozek Acquires 52,632 Shares

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Director Alexander Buffett Rozek bought 52,632 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $9.50 per share, with a total value of $500,004.00. Following the completion of the purchase, the director now directly owns 52,632 shares of the company’s stock, valued at $500,004. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sky Harbour Group Price Performance

SKYH stock opened at $10.75 on Friday. The stock has a market capitalization of $720.57 million, a P/E ratio of -8.02 and a beta of 1.84. Sky Harbour Group Co. has a 52 week low of $5.86 and a 52 week high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its earnings results on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.10. The firm had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative return on equity of 6.82% and a negative net margin of 222.44%. On average, sell-side analysts predict that Sky Harbour Group Co. will post 0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Northland Securities assumed coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price objective for the company. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Institutional Trading of Sky Harbour Group

Several hedge funds and other institutional investors have recently made changes to their positions in SKYH. Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the second quarter valued at approximately $92,000. Rhumbline Advisers acquired a new position in shares of Sky Harbour Group during the second quarter worth approximately $103,000. Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group during the second quarter worth approximately $271,000. X Square Capital LLC purchased a new stake in Sky Harbour Group in the 3rd quarter valued at $331,000. Finally, Meixler Investment Management Ltd. raised its position in Sky Harbour Group by 20.2% in the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after buying an additional 9,100 shares during the last quarter. 14.75% of the stock is currently owned by institutional investors.

About Sky Harbour Group

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.