Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Up 4.6%

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) rose 4.6% during mid-day trading on Thursday . The stock traded as high as $12.15 and last traded at $12.12. Approximately 14,911 shares traded hands during trading, a decline of 70% from the average daily volume of 49,805 shares. The stock had previously closed at $11.59.

Sky Harbour Group Price Performance

The company has a market capitalization of $807.71 million, a PE ratio of -7.99 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Sky Harbour Group had a negative return on equity of 6.82% and a negative net margin of 222.44%. The firm had revenue of $3.62 million during the quarter.

Hedge Funds Weigh In On Sky Harbour Group

Hedge funds have recently made changes to their positions in the stock. Caprock Group LLC lifted its stake in Sky Harbour Group by 8,485.4% during the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock worth $14,253,000 after purchasing an additional 1,103,098 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group in the second quarter valued at $271,000. Meixler Investment Management Ltd. raised its holdings in shares of Sky Harbour Group by 20.2% in the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after buying an additional 9,100 shares during the period. Rhumbline Advisers acquired a new position in Sky Harbour Group during the 2nd quarter worth about $103,000. Finally, Apis Capital Advisors LLC acquired a new position in Sky Harbour Group during the 2nd quarter worth about $92,000. Hedge funds and other institutional investors 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.