Sky Harbour Group Co. (NYSEAMERICAN:SKYH – Get Free Report) traded down 0.7% during trading on Tuesday . The stock traded as low as $10.63 and last traded at $10.85. 55,934 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 55,179 shares. The stock had previously closed at $10.92.
Analyst Ratings Changes
Several brokerages have recently issued reports on SKYH. 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 on the stock. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th.
Check Out Our Latest Stock Report on SKYH
Sky Harbour Group Stock Down 0.7 %
Sky Harbour Group (NYSEAMERICAN:SKYH – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.62 million during the quarter. Equities research analysts expect that Sky Harbour Group Co. will post 0.11 EPS for the current year.
Institutional Investors Weigh In On Sky Harbour Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. X Square Capital LLC acquired a new position in Sky Harbour Group during the third quarter worth $331,000. Apis Capital Advisors LLC acquired a new position in shares of Sky Harbour Group during the 2nd quarter worth about $92,000. Rhumbline Advisers bought a new position in shares of Sky Harbour Group in the 2nd quarter valued at about $103,000. Meixler Investment Management Ltd. increased its position in shares of Sky Harbour Group by 20.2% in the second 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 last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Sky Harbour Group during the second quarter worth about $271,000. Institutional investors and hedge funds own 14.75% 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.
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