Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Unusually-High Trading Volume

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw unusually-high trading volume on Tuesday . Approximately 37,435 shares traded hands during 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.

Analysts Set New Price Targets

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

Sky Harbour Group Price Performance

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its earnings results on Wednesday, March 27th. The company reported ($0.61) 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 business had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $2.33 million. As a group, equities research analysts predict that Sky Harbour Group Co. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caprock Group LLC purchased a new stake in Sky Harbour Group during the 4th quarter valued at $126,000. Meixler Investment Management Ltd. raised its holdings in Sky Harbour Group by 88.1% in the 3rd 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. Vanguard Group Inc. raised its holdings 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 acquiring an additional 142,170 shares during the period. Finally, Northern Trust Corp bought a new stake in Sky Harbour Group during the fourth quarter valued at about $148,000. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

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.