Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Down to $9.83

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped down prior to trading on Tuesday . The stock had previously closed at $9.83, but opened at $9.63. Sky Harbour Group shares last traded at $9.63, with a volume of 1,334 shares.

Sky Harbour Group Price Performance

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its earnings results on Tuesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%. The firm had revenue of $2.40 million during the quarter, compared to analyst estimates of $3.06 million.

Insider Activity

In other news, major shareholder Omaha Corp Boston sold 246,389 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total transaction of $2,463,890.00. Following the completion of the transaction, the insider now directly owns 12,440,642 shares in the company, valued at approximately $124,406,420. The transaction was disclosed in a document filed with the SEC, which is available at this link. 45.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sky Harbour Group

A hedge fund recently bought a new stake in Sky Harbour Group stock. Caprock Group LLC bought a new position in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,000 shares of the company’s stock, valued at approximately $126,000. 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.