11,160 Shares in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Purchased by Rhumbline Advisers

Rhumbline Advisers acquired a new position in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,160 shares of the company’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caprock Group LLC lifted its stake in shares of Sky Harbour Group by 8,485.4% during the 1st 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 period. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group during the 2nd quarter worth approximately $271,000. Finally, Meixler Investment Management Ltd. raised its stake in shares of 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 acquiring an additional 9,100 shares during the period. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Stock Down 2.6 %

Shares of SKYH stock opened at $11.04 on Tuesday. The firm has a market cap of $740.01 million, a price-to-earnings ratio of -7.56 and a beta of 1.86. Sky Harbour Group Co. has a 1-year low of $4.31 and a 1-year high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last released its quarterly earnings data 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 during the quarter. Equities analysts forecast that Sky Harbour Group Co. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Sky Harbour Group 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.