Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 0.7% – Here’s Why

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) fell 0.7% during mid-day trading on Tuesday . The company traded as low as $10.63 and last traded at $10.85. 55,934 shares were traded during mid-day trading, an increase of 1% from the average session volume of 55,179 shares. The stock had previously closed at $10.92.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKYH. 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 target price on the stock. Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Sky Harbour Group Trading Down 0.7 %

The stock has a market capitalization of $726.94 million, a PE ratio of -8.09 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.10. The business had revenue of $3.62 million for the quarter. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%. As a group, equities research analysts forecast that Sky Harbour Group Co. will post 0.11 earnings per share for the current year.

Institutional Trading of Sky Harbour Group

Several large investors have recently made changes to their positions in the company. Meixler Investment Management Ltd. boosted its position 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 worth $500,000 after acquiring an additional 9,100 shares in the last quarter. X Square Capital LLC acquired a new stake in Sky Harbour Group in the third quarter valued at approximately $331,000. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group in the second quarter valued at approximately $271,000. Rhumbline Advisers acquired a new stake in Sky Harbour Group in the second quarter valued at approximately $103,000. Finally, Apis Capital Advisors LLC acquired a new stake in Sky Harbour Group in the second quarter valued at approximately $92,000. 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.