Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Strong Trading Volume

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw an uptick in trading volume on Thursday . 62,609 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 47,767 shares.The stock last traded at $10.47 and had previously closed at $10.03.

Sky Harbour Group Price Performance

The stock has a market capitalization of $671.47 million, a price-to-earnings ratio of -6.90 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.10. The company had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative return on equity of 12.00% and a negative net margin of 325.99%.

Insider Activity

In other news, major shareholder Omaha Corp Boston sold 246,389 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $10.00, for a total value of $2,463,890.00. Following the completion of the sale, the insider now directly owns 12,440,642 shares of the company’s stock, valued at $124,406,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 45.18% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. increased its stake in 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. Apis Capital Advisors LLC acquired a new position in shares of Sky Harbour Group during the 2nd quarter worth $92,000. Rhumbline Advisers acquired a new position in shares of Sky Harbour Group during the 2nd quarter worth $103,000. Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group during the 2nd quarter worth $271,000. Finally, Caprock Group LLC raised its holdings in shares of Sky Harbour Group by 8,485.4% during the 1st quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock worth $14,253,000 after buying an additional 1,103,098 shares in the last quarter. 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.