Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 0.7% – Here’s Why

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $10.63 and last traded at $10.85. 55,934 shares were traded during trading, an increase of 1% from the average session volume of 55,179 shares. The stock had previously closed at $10.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Sky Harbour Group in a research note on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price target for the company. Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th.

Sky Harbour Group Trading Down 0.7 %

The company has a market cap of $726.94 million, a PE ratio of -8.09 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its 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 business had revenue of $3.62 million during the quarter. As a group, equities analysts predict that Sky Harbour Group Co. will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds have recently bought and sold shares of the company. X Square Capital LLC bought a new position in Sky Harbour Group during the third quarter worth $331,000. Apis Capital Advisors LLC bought a new position in Sky Harbour Group during the second quarter worth $92,000. Rhumbline Advisers acquired a new stake in Sky Harbour Group in the second quarter worth $103,000. Meixler Investment Management Ltd. grew its holdings 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, Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group in the second quarter worth $271,000. 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.