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

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw unusually-high trading volume on Thursday . Approximately 62,609 shares traded hands during 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 Stock Performance

The firm has a market capitalization of $671.47 million, a PE ratio of -6.90 and a beta of 1.84.

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

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 246,389 shares of the firm’s stock in a transaction 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 sale, the insider now owns 12,440,642 shares in the company, valued at $124,406,420. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 45.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Sky Harbour Group

Several institutional investors have recently modified their holdings of the stock. Caprock Group LLC grew its position in shares of Sky Harbour Group by 8,485.4% in the first quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock valued at $14,253,000 after purchasing an additional 1,103,098 shares during the period. Meixler Investment Management Ltd. boosted its position in Sky Harbour Group by 20.2% during the second 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 acquired a new position in Sky Harbour Group during the second quarter worth about $271,000. Rhumbline Advisers acquired a new position in Sky Harbour Group during the second quarter worth about $103,000. Finally, Apis Capital Advisors LLC acquired a new position in Sky Harbour Group during the second quarter worth about $92,000. Institutional investors and hedge funds 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.