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

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price traded down 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 Analyst Weigh In

Separately, B. Riley assumed 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 Stock Down 4.8 %

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SKYH. Vanguard Group Inc. increased its holdings in shares of 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 period. Northern Trust Corp bought a new position in shares of Sky Harbour Group during the fourth quarter worth approximately $148,000. Caprock Group LLC bought a new position in Sky Harbour Group in the fourth quarter valued at approximately $126,000. Finally, Meixler Investment Management Ltd. raised 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 purchasing an additional 26,748 shares in the last quarter. 14.75% of the stock is owned by 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.