Northland Securities Initiates Coverage on Sky Harbour Group (NYSEAMERICAN:SKYH)

Stock analysts at Northland Securities assumed coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a research note issued on Tuesday, Benzinga reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ price objective would indicate a potential upside of 26.68% from the stock’s previous close.

Sky Harbour Group Stock Down 2.9 %

Shares of NYSEAMERICAN:SKYH opened at $12.63 on Tuesday. The stock has a market capitalization of $846.59 million, a P/E ratio of -8.65 and a beta of 1.86. Sky Harbour Group has a 12 month low of $4.31 and a 12 month high of $13.60.

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

Institutional Investors Weigh In On Sky Harbour Group

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

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.