B. Riley Raises Earnings Estimates for Sky Harbour Group

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) – Equities researchers at B. Riley increased their FY2027 earnings estimates for Sky Harbour Group in a research note issued to investors on Thursday, November 13th. B. Riley analyst T. D’agostino now expects that the company will earn $0.21 per share for the year, up from their previous estimate of $0.20. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Sky Harbour Group’s current full-year earnings is ($0.05) per share.

Several other analysts have also recently weighed in on SKYH. Zacks Research cut shares of Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. BTIG Research reissued a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Sky Harbour Group presently has an average rating of “Buy” and an average target price of $16.63.

Sky Harbour Group Price Performance

Shares of Sky Harbour Group stock opened at $9.57 on Friday. Sky Harbour Group has a 1 year low of $9.28 and a 1 year high of $14.52. The firm has a market cap of $723.59 million, a PE ratio of -4.62 and a beta of 1.74. The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $10.26.

Hedge Funds Weigh In On Sky Harbour Group

A number of large investors have recently added to or reduced their stakes in the business. Centerpoint Advisors LLC lifted its stake in Sky Harbour Group by 50.2% in the first quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company’s stock worth $2,277,000 after purchasing an additional 58,500 shares during the last quarter. Meixler Investment Management Ltd. increased its holdings in shares of Sky Harbour Group by 19.7% in the second quarter. Meixler Investment Management Ltd. now owns 263,995 shares of the company’s stock worth $2,579,000 after buying an additional 43,377 shares during the period. Heritage Investors Management Corp purchased a new position in shares of Sky Harbour Group in the second quarter worth about $301,000. Tocqueville Asset Management L.P. lifted its stake in shares of Sky Harbour Group by 145.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock valued at $1,547,000 after acquiring an additional 70,454 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Sky Harbour Group during the 1st quarter valued at about $269,000. Hedge funds and other institutional investors 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 is based in White Plains, New York.