Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up to $9.62

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped up before the market opened on Wednesday . The stock had previously closed at $9.62, but opened at $10.01. Sky Harbour Group shares last traded at $10.32, with a volume of 10,075 shares trading hands.

Analysts Set New Price Targets

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

Sky Harbour Group Stock Down 3.4 %

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings data 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 analyst estimates of $2.33 million. Sky Harbour Group had a negative return on equity of 16.19% and a negative net margin of 213.57%. Research analysts anticipate that Sky Harbour Group Co. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sky Harbour Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Sky Harbour Group by 51.4% in the third quarter. Vanguard Group Inc. now owns 15,192 shares of the company’s stock worth $68,000 after acquiring an additional 5,155 shares in the last quarter. Caprock Group LLC bought a new stake in Sky Harbour Group in the fourth quarter worth about $126,000. Northern Trust Corp acquired a new stake in Sky Harbour Group during the 4th quarter worth about $148,000. Finally, Meixler Investment Management Ltd. raised its holdings in 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 buying an additional 26,748 shares during the period. 14.75% of the stock is currently 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.