Sky Harbour Group FY2024 EPS Boosted by Northland Capmk

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) – Equities research analysts at Northland Capmk upped their FY2024 earnings estimates for shares of Sky Harbour Group in a report issued on Wednesday, November 13th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.30 per share for the year, up from their previous estimate of $0.11. Northland Capmk currently 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 began coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price objective on the stock.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN:SKYH opened at $12.27 on Monday. The stock has a market capitalization of $822.46 million, a P/E ratio of -5.93 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.

Insider Transactions at Sky Harbour Group

In related news, Director Alexander Buffett Rozek acquired 52,632 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of $9.50 per share, with a total value of $500,004.00. Following the completion of the transaction, the director now owns 52,632 shares of the company’s stock, valued at approximately $500,004. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 45.18% of the stock is currently owned by insiders.

Institutional Trading of Sky Harbour Group

A number of institutional investors have recently added to or reduced their stakes in SKYH. MetLife Investment Management LLC acquired a new stake in shares of Sky Harbour Group in the third quarter worth $79,000. Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the 2nd quarter valued at $92,000. Rhumbline Advisers bought a new stake in Sky Harbour Group in the 2nd quarter valued at $103,000. Barclays PLC increased its holdings in Sky Harbour Group by 326.5% in the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock valued at $181,000 after buying an additional 12,490 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the 2nd quarter valued at $271,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.