Sky Harbour Group (NYSEAMERICAN:SKYH) Upgraded to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of Sky Harbour Group (NYSEAMERICAN:SKYH) to a strong-buy rating in a research report report published on Tuesday morning, Zacks.com reports.

Separately, Northland Securities started coverage on Sky Harbour Group in a research report on Tuesday. They set an outperform rating and a $16.00 target price for the company.

Sky Harbour Group Trading Up 2.9 %

Shares of NYSEAMERICAN:SKYH opened at $13.00 on Tuesday. Sky Harbour Group has a fifty-two week low of $4.31 and a fifty-two week high of $13.60. The stock has a market capitalization of $871.39 million, a P/E ratio of -8.90 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.62 million for the quarter.

Institutional Trading of Sky Harbour Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apis Capital Advisors LLC bought a new position in Sky Harbour Group in the second quarter worth about $92,000. Rhumbline Advisers purchased a new position in shares of Sky Harbour Group in the 2nd quarter valued at approximately $103,000. Bank of New York Mellon Corp bought a new stake in shares of Sky Harbour Group during the second quarter valued at approximately $271,000. Meixler Investment Management Ltd. grew its stake 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 worth $500,000 after purchasing an additional 9,100 shares during the period. Finally, Caprock Group LLC raised its holdings in Sky Harbour Group by 8,485.4% in 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 in the last quarter. 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.