Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 5.7%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) fell 5.7% on Monday . The company traded as low as $9.64 and last traded at $9.77. 13,778 shares were traded during trading, a decline of 43% from the average session volume of 24,240 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on 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 Up 2.4 %

The company has a market capitalization of $710.69 million, a P/E ratio of -9.72 and a beta of 1.88.

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 analysts’ consensus estimates of ($0.08) by ($0.53). Sky Harbour Group had a negative return on equity of 16.19% and a negative net margin of 213.57%. The company had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $2.33 million. On average, research analysts forecast that Sky Harbour Group Co. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Sky Harbour Group

An institutional investor recently bought a new position in Sky Harbour Group stock. Caprock Group LLC acquired a new stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $126,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Company Profile

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.