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

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares saw strong trading volume on Tuesday . 37,435 shares changed 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.

Wall Street Analysts Forecast Growth

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

Sky Harbour Group Stock Down 7.5 %

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.53). The business had revenue of $2.24 million during the quarter, compared to analyst estimates of $2.33 million. Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. Analysts predict that Sky Harbour Group Co. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the company. Caprock Group LLC acquired a new stake in shares of Sky Harbour Group during the 4th quarter worth about $126,000. Vanguard Group Inc. boosted its stake in shares of Sky Harbour Group by 51.4% during the 3rd quarter. Vanguard Group Inc. now owns 15,192 shares of the company’s stock worth $68,000 after purchasing an additional 5,155 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of Sky Harbour Group during the 4th quarter worth about $148,000. Finally, Meixler Investment Management Ltd. boosted its stake in shares of Sky Harbour Group by 88.1% during 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 last quarter. 14.75% of the stock is owned by institutional investors and hedge funds.

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.