Sky Harbour Group (NYSEAMERICAN:SKYH) Coverage Initiated by Analysts at Northland Securities

Investment analysts at Northland Securities began coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a note issued to investors on Tuesday, Marketbeat reports. The firm set an “outperform” rating and a $16.00 price target on the stock. Northland Securities’ price objective would suggest a potential upside of 27.39% from the stock’s current price.

Sky Harbour Group Stock Down 3.4 %

NYSEAMERICAN SKYH opened at $12.56 on Tuesday. The stock has a market capitalization of $841.90 million, a P/E ratio of -8.60 and a beta of 1.86. Sky Harbour Group has a twelve month low of $4.31 and a twelve month high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its earnings results on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, beating 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 business had revenue of $3.62 million during the quarter.

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds have recently made changes to their positions in SKYH. Caprock Group LLC increased its holdings in shares of Sky Harbour Group by 8,485.4% in the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock valued at $14,253,000 after purchasing an additional 1,103,098 shares during 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 approximately $271,000. Meixler Investment Management Ltd. increased its holdings in shares of Sky Harbour Group by 20.2% in the second quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after purchasing an additional 9,100 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Sky Harbour Group in the second quarter valued at approximately $103,000. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Sky Harbour Group in the second quarter valued at approximately $92,000. Institutional investors and hedge funds 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.