Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Strong Trading Volume

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) saw strong trading volume on Tuesday . 37,435 shares traded hands during mid-day trading, an increase of 69% from the previous session's volume of 22,174 shares.The stock last traded at $10.44 and had previously closed at $10.82.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Sky Harbour Group in a research note on Thursday, January 18th. They issued a "buy" rating and a $15.00 target price on the stock.

Sky Harbour Group Stock Performance

The stock has a market capitalization of $638.96 million, a PE ratio of -8.83 and a beta of 1.76.

Sky Harbour Group (NYSEAMERICAN:SKYH - Get Free Report) last announced its earnings results on Wednesday, March 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.24 million during the quarter, compared to analysts' expectations of $2.33 million. On average, analysts expect that Sky Harbour Group Co. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new stake in Sky Harbour Group during the fourth quarter valued at about $126,000. Meixler Investment Management Ltd. boosted its position 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 valued at $256,000 after buying an additional 26,748 shares during the period. Vanguard Group Inc. boosted its position in Sky Harbour Group by 935.8% during the fourth quarter. Vanguard Group Inc. now owns 157,362 shares of the company's stock valued at $1,520,000 after buying an additional 142,170 shares during the period. Finally, Northern Trust Corp purchased a new stake in Sky Harbour Group during the fourth quarter valued at about $148,000. 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.