Sky Harbour Group (NYSEAMERICAN:SKYH) Earns Outperform Rating from Analysts at Northland Securities

Equities research analysts at Northland Securities started coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a note issued to investors on Tuesday, Benzinga reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ price target would suggest a potential upside of 26.68% from the company’s current price.

Sky Harbour Group Stock Down 2.9 %

Sky Harbour Group stock opened at $12.63 on Tuesday. Sky Harbour Group has a twelve month low of $4.31 and a twelve month high of $13.60. The company has a market capitalization of $846.59 million, a PE ratio of -8.65 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.62 million for the quarter.

Institutional Inflows and Outflows

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