Sky Harbour Group FY2024 EPS Increased by Northland Capmk

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) – Equities research analysts at Northland Capmk lifted their FY2024 EPS estimates for Sky Harbour Group in a report released on Wednesday, November 13th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.30 per share for the year, up from their prior estimate of $0.11. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Sky Harbour Group’s current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for Sky Harbour Group’s Q4 2024 earnings at ($0.07) EPS.

Separately, Northland Securities started coverage on 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.

Sky Harbour Group Trading Down 4.9 %

Shares of NYSEAMERICAN SKYH opened at $11.67 on Monday. The stock has a market capitalization of $782.24 million, a P/E ratio of -5.64 and a beta of 1.84. Sky Harbour Group has a fifty-two week low of $7.62 and a fifty-two week high of $13.60.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC purchased a new stake in shares of Sky Harbour Group in the third quarter valued at $79,000. Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group during the second quarter valued at $92,000. Rhumbline Advisers purchased a new stake in Sky Harbour Group in the second quarter worth about $103,000. Barclays PLC grew its holdings in Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after acquiring an additional 12,490 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sky Harbour Group in the 2nd quarter worth approximately $271,000. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Alexander Buffett Rozek acquired 52,632 shares of Sky Harbour Group stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $9.50 per share, with a total value of $500,004.00. Following the completion of the purchase, the director now directly owns 52,632 shares in the company, valued at approximately $500,004. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.18% of the company’s stock.

About Sky Harbour Group

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.