Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Down to $9.01

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped down prior to trading on Wednesday . The stock had previously closed at $9.01, but opened at $8.79. Sky Harbour Group shares last traded at $8.97, with a volume of 8,987 shares trading hands.

Wall Street Analyst Weigh In

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

Sky Harbour Group Price Performance

Sky Harbour Group (NYSEAMERICAN:SKYH) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.53). Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. The firm had revenue of $2.24 million during the quarter, compared to the consensus estimate of $2.33 million. On average, sell-side analysts expect that Sky Harbour Group Co. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sky Harbour Group

An institutional investor recently raised its position in Sky Harbour Group stock. Meixler Investment Management Ltd. increased its stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 88.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,125 shares of the company’s stock after acquiring an additional 26,748 shares during the quarter. Meixler Investment Management Ltd. owned about 0.10% of Sky Harbour Group worth $256,000 at the end of the most recent reporting period. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

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 was incorporated in 2017 and is based in White Plains, New York.