Sky Harbour Group (NYSEAMERICAN:SKYH) Rating Increased to Strong-Buy at Northland Capmk

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by research analysts at Northland Capmk to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports.

Separately, Northland Securities began coverage on Sky Harbour Group in a research report on Tuesday. They issued an “outperform” rating and a $16.00 price objective for the company.

Sky Harbour Group Price Performance

Sky Harbour Group stock opened at $13.00 on Tuesday. Sky Harbour Group has a 52 week low of $4.31 and a 52 week high of $13.60. The stock has a market cap of $871.39 million, a P/E ratio of -8.90 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced 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. The company had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative return on equity of 6.82% and a negative net margin of 222.44%.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. lifted its stake 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 valued at $500,000 after purchasing an additional 9,100 shares during the last quarter. Apis Capital Advisors LLC acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $92,000. Rhumbline Advisers acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $103,000. Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $271,000. Finally, Caprock Group LLC lifted its stake 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 valued at $14,253,000 after purchasing an additional 1,103,098 shares during the last quarter. 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.