Sky Harbour Group (NYSEAMERICAN:SKYH) Upgraded to Strong-Buy by Northland Capmk

Northland Capmk upgraded shares of Sky Harbour Group (NYSEAMERICAN:SKYH) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports. Northland Capmk also issued estimates for Sky Harbour Group’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at $0.11 EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.20) EPS, FY2026 earnings at ($0.30) EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.40 EPS.

Separately, Northland Securities assumed coverage on shares of Sky Harbour Group in a research note on Tuesday. They issued an outperform rating and a $16.00 price target for the company.

Sky Harbour Group Stock Down 9.4 %

SKYH opened at $11.33 on Tuesday. The firm has a market cap of $759.45 million, a PE ratio of -7.76 and a beta of 1.86. Sky Harbour Group has a one year low of $4.31 and a one year high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its earnings results on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate 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.

Institutional Trading of Sky Harbour Group

A number of hedge funds have recently bought and sold shares of the company. Caprock Group LLC grew its stake in shares of Sky Harbour Group by 8,485.4% during the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock valued at $14,253,000 after buying an additional 1,103,098 shares during the last quarter. Meixler Investment Management Ltd. grew its position 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 last quarter. Bank of New York Mellon Corp bought a new position in Sky Harbour Group during the 2nd quarter worth approximately $271,000. Rhumbline Advisers bought a new stake in Sky Harbour Group in the 2nd quarter worth $103,000. Finally, Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group in 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.