FY2024 EPS Forecast for Sky Harbour Group Raised by Analyst

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) – Equities research analysts at Northland Capmk increased their FY2024 earnings per share (EPS) estimates for shares of Sky Harbour Group in a research report issued on Wednesday, November 13th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.30 per share for the year, up from their previous forecast of $0.11. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Sky Harbour Group’s current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for Sky Harbour Group’s Q4 2024 earnings at ($0.07) EPS.

Separately, Northland Securities started coverage on shares of Sky Harbour Group in a report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price target for the company.

Sky Harbour Group Stock Performance

NYSEAMERICAN:SKYH opened at $11.67 on Monday. The stock has a market cap of $782.24 million, a PE ratio of -5.64 and a beta of 1.84. Sky Harbour Group has a 52 week low of $7.62 and a 52 week high of $13.60.

Insider Activity

In other news, Director Alexander Buffett Rozek bought 52,632 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $9.50 per share, for a total transaction of $500,004.00. Following the acquisition, the director now directly owns 52,632 shares of the company’s stock, valued at $500,004. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 45.18% of the company’s stock.

Institutional Trading of Sky Harbour Group

Several institutional investors have recently made changes to their positions in SKYH. Geode Capital Management LLC lifted its stake in Sky Harbour Group by 2.8% during the third quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after purchasing an additional 6,887 shares in the last quarter. Barclays PLC increased its stake in Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after buying an additional 12,490 shares during the period. State Street Corp lifted its holdings in Sky Harbour Group by 1.1% during the 3rd quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after buying an additional 1,406 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Sky Harbour Group in the 3rd quarter valued at approximately $79,000. Finally, Meixler Investment Management Ltd. grew its stake in shares of Sky Harbour Group by 82.5% in the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock worth $1,089,000 after acquiring an additional 44,596 shares in the last quarter. 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.