Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Up 3.6%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares rose 3.6% on Tuesday . The stock traded as high as $11.44 and last traded at $11.44. Approximately 1,632 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 53,878 shares. The stock had previously closed at $11.04.

Analysts Set New Price Targets

SKYH has been the topic of several research analyst reports. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Northland Securities began coverage on shares of Sky Harbour Group in a report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price target on the stock.

Sky Harbour Group Stock Down 1.7 %

The stock has a market cap of $727.28 million, a PE ratio of -7.56 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping 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%. Equities analysts predict that Sky Harbour Group Co. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group in the second quarter worth $92,000. Rhumbline Advisers purchased a new stake in Sky Harbour Group in the 2nd quarter worth $103,000. Meixler Investment Management Ltd. boosted its holdings in shares of Sky Harbour Group by 20.2% during 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. Bank of New York Mellon Corp bought a new stake in shares of Sky Harbour Group in the second quarter worth about $271,000. Finally, Caprock Group LLC lifted its position in shares of Sky Harbour Group by 8,485.4% in the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock worth $14,253,000 after buying an additional 1,103,098 shares in the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

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.