Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up to $9.62

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares gapped up before the market opened on Wednesday . The stock had previously closed at $9.62, but opened at $10.01. Sky Harbour Group shares last traded at $10.32, with a volume of 10,075 shares traded.

Analyst Ratings Changes

Separately, B. Riley started coverage on Sky Harbour Group in a research report on Thursday, January 18th. They set a “buy” rating and a $15.00 price target for the company.

Sky Harbour Group Trading Up 1.4 %

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.53). Sky Harbour Group had a negative return on equity of 16.19% and a negative net margin of 213.57%. The business had revenue of $2.24 million for the quarter, compared to analyst estimates of $2.33 million. As a group, research analysts predict that Sky Harbour Group Co. will post -0.08 EPS for the current year.

Institutional Trading of Sky Harbour Group

Several institutional investors have recently modified their holdings of SKYH. Meixler Investment Management Ltd. lifted its holdings in shares of Sky Harbour Group by 88.1% in the third quarter. Meixler Investment Management Ltd. now owns 57,125 shares of the company’s stock valued at $256,000 after buying an additional 26,748 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sky Harbour Group by 51.4% in the third quarter. Vanguard Group Inc. now owns 15,192 shares of the company’s stock valued at $68,000 after buying an additional 5,155 shares during the period. Caprock Group LLC acquired a new stake in shares of Sky Harbour Group during the fourth quarter worth $126,000. Finally, Northern Trust Corp acquired a new stake in shares of Sky Harbour Group during the fourth quarter worth $148,000. 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 was incorporated in 2017 and is based in White Plains, New York.