Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Unusually-High Trading Volume

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw unusually-strong trading volume on Thursday . Approximately 96,416 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 51,585 shares.The stock last traded at $12.65 and had previously closed at $12.65.

Sky Harbour Group Stock Up 2.2 %

The firm has a market capitalization of $872.06 million, a PE ratio of -8.91 and a beta of 1.86.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced 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 firm had revenue of $3.62 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SKYH. Caprock Group LLC increased 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 valued at $14,253,000 after buying an additional 1,103,098 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the 2nd quarter valued at about $271,000. Rhumbline Advisers bought a new stake in Sky Harbour Group in the 2nd quarter valued at about $103,000. Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the 2nd quarter valued at about $92,000. Finally, Meixler Investment Management Ltd. increased its position in Sky Harbour Group by 20.2% in the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after buying an additional 9,100 shares in the last quarter. 14.75% of the stock is owned by institutional investors.

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.