Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Down 3.4%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price traded down 3.4% during trading on Friday . The stock traded as low as $9.58 and last traded at $9.58. 11,249 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 46,693 shares. The stock had previously closed at $9.92.

Sky Harbour Group Stock Performance

The stock has a market cap of $643.46 million, a P/E ratio of -6.63 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its earnings results on Tuesday, May 14th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $2.40 million during the quarter, compared to analyst estimates of $3.06 million. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 246,389 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total transaction of $2,463,890.00. Following the completion of the transaction, the insider now directly owns 12,440,642 shares in the company, valued at approximately $124,406,420. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 45.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sky Harbour Group

A hedge fund recently raised its stake in Sky Harbour Group stock. Caprock Group LLC raised its holdings in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 8,485.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,116,098 shares of the company’s stock after acquiring an additional 1,103,098 shares during the quarter. Sky Harbour Group makes up about 0.8% of Caprock Group LLC’s portfolio, making the stock its 21st largest holding. Caprock Group LLC owned about 1.68% of Sky Harbour Group worth $14,253,000 at the end of the most recent quarter. 14.75% of the stock is owned by hedge funds and other 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.