Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up to $7.82

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped up before the market opened on Monday . The stock had previously closed at $7.82, but opened at $8.15. Sky Harbour Group shares last traded at $8.56, with a volume of 7,916 shares trading hands.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on Sky Harbour Group in a report on Tuesday, October 17th. They set a “buy” rating and a $11.00 target price on the stock.

Sky Harbour Group Stock Performance

The stock has a market capitalization of $527.18 million, a price-to-earnings ratio of -17.77 and a beta of 1.28.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.01) earnings per share for the quarter. Sky Harbour Group had a negative return on equity of 5.55% and a negative net margin of 85.44%. The company had revenue of $2.50 million during the quarter.

Institutional Trading of Sky Harbour Group

An institutional investor recently raised its position in Sky Harbour Group stock. Meixler Investment Management Ltd. grew its stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 88.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. Institutional investors own 0.63% 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 was incorporated in 2017 and is based in White Plains, New York.