Omaha Corp Boston Sells 246,389 Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Stock

Sky Harbour Group Co. (NYSEAMERICAN:SKYHGet Free Report) major shareholder Omaha Corp Boston sold 246,389 shares of Sky Harbour Group stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total value of $2,463,890.00. Following the sale, the insider now directly owns 12,440,642 shares in the company, valued at $124,406,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Sky Harbour Group Stock Performance

NYSEAMERICAN SKYH opened at $10.27 on Friday. The company has a market cap of $684.80 million, a price-to-earnings ratio of -7.03 and a beta of 1.88. Sky Harbour Group Co. has a 1-year low of $4.15 and a 1-year high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYHGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%. The firm had revenue of $2.40 million during the quarter, compared to the consensus estimate of $3.06 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sky Harbour Group stock. Caprock Group LLC increased its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYHFree Report) by 8,485.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,116,098 shares of the company’s stock after purchasing an additional 1,103,098 shares during the period. Sky Harbour Group accounts for 0.8% of Caprock Group LLC’s portfolio, making the stock its 21st largest holding. Caprock Group LLC owned about 1.68% of Sky Harbour Group worth $14,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.75% of the stock is currently owned by institutional investors.

About Sky Harbour Group

(Get Free Report)

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 is based in White Plains, New York.

Further Reading

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