Alexander Buffett Rozek Purchases 52,632 Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Stock

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Director Alexander Buffett Rozek bought 52,632 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was bought 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 in the company, valued at approximately $500,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN SKYH opened at $11.04 on Friday. Sky Harbour Group Co. has a 52-week low of $5.78 and a 52-week high of $13.60. The company has a market capitalization of $740.01 million, a price-to-earnings ratio of -8.24 and a beta of 1.84.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SKYH shares. Northland Securities assumed coverage on shares of Sky Harbour Group in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price target for the company. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

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.