Sky Harbour Group (NYSEAMERICAN:SKYH) Rating Increased to Strong-Buy at 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 morning, 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 started coverage on shares of Sky Harbour Group in a report on Tuesday. They issued an outperform rating and a $16.00 price target on the stock.

Sky Harbour Group Stock Performance

Shares of SKYH stock opened at $12.51 on Tuesday. Sky Harbour Group has a 12 month low of $4.31 and a 12 month high of $13.60. The company has a market cap of $838.55 million, a P/E ratio of -8.57 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 for the quarter.

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors have recently made changes to their positions in SKYH. Caprock Group LLC lifted its position in Sky Harbour Group by 8,485.4% in 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 during the last quarter. Bank of New York Mellon Corp purchased a new position in Sky Harbour Group in the 2nd quarter worth $271,000. Meixler Investment Management Ltd. lifted its stake in Sky Harbour Group by 20.2% in the second quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock worth $500,000 after purchasing an additional 9,100 shares during the last quarter. Rhumbline Advisers purchased a new stake in Sky Harbour Group during the 2nd quarter valued at about $103,000. Finally, Apis Capital Advisors LLC bought a new position in Sky Harbour Group during the 2nd quarter worth approximately $92,000. Institutional investors 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.