Sky Harbour Group (NYSEAMERICAN:SKYH) Trading 3.6% Higher

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares shot up 3.6% during trading on Tuesday . The stock traded as high as $11.44 and last traded at $11.44. 1,632 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 53,878 shares. The stock had previously closed at $11.04.

Analyst Upgrades and Downgrades

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

Sky Harbour Group Price Performance

The firm has a market cap of $727.28 million, a PE ratio of -7.56 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted 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 company had revenue of $3.62 million during the quarter. On average, analysts forecast that Sky Harbour Group Co. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Sky Harbour Group

Large investors have recently bought and sold shares of the business. Apis Capital Advisors LLC purchased a new stake in shares of Sky Harbour Group in the 2nd quarter worth $92,000. Rhumbline Advisers purchased a new stake in shares of Sky Harbour Group in the 2nd quarter worth $103,000. Bank of New York Mellon Corp purchased a new stake in shares of Sky Harbour Group in the 2nd quarter worth $271,000. Meixler Investment Management Ltd. lifted its holdings 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 worth $500,000 after buying an additional 9,100 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of 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 worth $14,253,000 after buying an additional 1,103,098 shares during the period. 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.