Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Down 0.7% - Should You Sell?

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) dropped 0.7% on Tuesday . The company traded as low as $10.63 and last traded at $10.85. Approximately 55,934 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 55,179 shares. The stock had previously closed at $10.92.

Analyst Ratings Changes

Several research firms have commented on SKYH. Northland Capmk upgraded shares of Sky Harbour Group to a "strong-buy" rating in a report on Tuesday, September 24th. Northland Securities began coverage on shares of Sky Harbour Group in a report on Tuesday, September 24th. They set an "outperform" rating and a $16.00 price target for the company.

Sky Harbour Group Trading Down 0.5 %

The stock has a market cap of $724.59 million, a P/E ratio of -8.09 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.10. The company had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%. As a group, analysts expect that Sky Harbour Group Co. will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the company. Apis Capital Advisors LLC acquired a new stake in shares of Sky Harbour Group during the 2nd quarter worth about $92,000. Rhumbline Advisers purchased a new position in shares of Sky Harbour Group during the 2nd quarter worth about $103,000. Bank of New York Mellon Corp purchased a new position in shares of Sky Harbour Group during the 2nd quarter worth about $271,000. X Square Capital LLC purchased a new position in shares of Sky Harbour Group during the 3rd quarter worth about $331,000. Finally, Meixler Investment Management Ltd. lifted its holdings in shares of Sky Harbour Group by 20.2% during the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company's stock worth $500,000 after acquiring an additional 9,100 shares during the period. 14.75% of the stock is owned by institutional investors and hedge funds.

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.