Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Down 3.9%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) fell 3.9% during trading on Friday . The company traded as low as $8.96 and last traded at $9.02. 27,596 shares changed hands during trading, an increase of 19% from the average session volume of 23,105 shares. The stock had previously closed at $9.39.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Sky Harbour Group in a research note on Thursday, January 18th. They set a "buy" rating and a $15.00 price objective for the company.

Sky Harbour Group Price Performance

The firm has a market capitalization of $585.16 million, a price-to-earnings ratio of -8.20 and a beta of 1.76.

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

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Sky Harbour Group by 935.8% during the fourth quarter. Vanguard Group Inc. now owns 157,362 shares of the company's stock worth $1,520,000 after purchasing an additional 142,170 shares during the last quarter. Meixler Investment Management Ltd. lifted its stake in Sky Harbour Group by 88.1% during the third quarter. Meixler Investment Management Ltd. now owns 57,125 shares of the company's stock worth $256,000 after purchasing an additional 26,748 shares during the last quarter. Northern Trust Corp bought a new position in Sky Harbour Group during the fourth quarter worth $148,000. Finally, Caprock Group LLC bought a new position in Sky Harbour Group during the fourth quarter worth $126,000. 14.75% of the stock is currently 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 was incorporated in 2017 and is based in White Plains, New York.