Sky Harbour Group (NYSEAMERICAN:SKYH) Trading 4.5% Higher – Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares traded up 4.5% during trading on Thursday . The company traded as high as $11.75 and last traded at $11.71. 21,367 shares traded hands during trading, a decline of 61% from the average session volume of 55,284 shares. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

SKYH has been the subject of several recent research reports. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Northland Securities initiated coverage on Sky Harbour Group in a report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 target price for the company.

Sky Harbour Group Stock Performance

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 the consensus estimate of ($0.04) by $0.10. The business had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative return on equity of 8.30% and a negative net margin of 342.35%. As a group, research analysts anticipate that Sky Harbour Group Co. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In related news, Director Alexander Buffett Rozek purchased 52,632 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $9.50 per share, with a total value of $500,004.00. Following the completion of the acquisition, the director now owns 52,632 shares of the company’s stock, valued at approximately $500,004. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 45.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Meixler Investment Management Ltd. raised its stake in Sky Harbour Group by 82.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after purchasing an additional 44,596 shares during the period. X Square Capital LLC acquired a new position in shares of Sky Harbour Group in the third quarter worth $331,000. Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the second quarter worth $271,000. Rhumbline Advisers bought a new stake in Sky Harbour Group during the second quarter valued at about $103,000. Finally, Apis Capital Advisors LLC bought a new stake in Sky Harbour Group during the second quarter valued at about $92,000. 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.