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

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

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

Sky Harbour Group Stock Up 1.4 %

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted 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). Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. The business had revenue of $2.24 million during the quarter, compared to analyst estimates of $2.33 million. Equities analysts expect that Sky Harbour Group Co. will post -0.08 EPS for the current fiscal year.

Institutional Trading of Sky Harbour Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SKYH. Vanguard Group Inc. lifted its position in Sky Harbour Group by 935.8% during the 4th quarter. Vanguard Group Inc. now owns 157,362 shares of the company’s stock worth $1,520,000 after acquiring an additional 142,170 shares during the period. Meixler Investment Management Ltd. lifted its holdings in shares of 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 period. Northern Trust Corp acquired a new stake in shares of Sky Harbour Group during the fourth quarter worth $148,000. Finally, Caprock Group LLC acquired a new stake in shares of Sky Harbour Group during the fourth quarter worth $126,000. 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.