Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Down 4.6%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price dropped 4.6% on Monday . The company traded as low as $12.40 and last traded at $12.41. Approximately 22,476 shares traded hands during trading, a decline of 58% from the average daily volume of 52,970 shares. The stock had previously closed at $13.01.

Sky Harbour Group Trading Down 3.3 %

The stock has a market capitalization of $843.24 million, a price-to-earnings ratio of -8.91 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%. The firm had revenue of $3.62 million during the quarter.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apis Capital Advisors LLC purchased a new position in Sky Harbour Group in the 2nd quarter valued at about $92,000. Rhumbline Advisers purchased a new position in Sky Harbour Group in the 2nd quarter valued at about $103,000. Bank of New York Mellon Corp purchased a new position in Sky Harbour Group in the 2nd quarter valued at about $271,000. Meixler Investment Management Ltd. lifted its position in shares of Sky Harbour Group by 20.2% during the second quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock worth $500,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Sky Harbour Group by 8,485.4% during the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock worth $14,253,000 after purchasing an additional 1,103,098 shares during the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

Sky Harbour Group Company Profile

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.