X Square Capital LLC Purchases Shares of 30,000 Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

X Square Capital LLC purchased a new stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) during the 3rd quarter, Holdings Channel reports. The fund purchased 30,000 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Sky Harbour Group during the second quarter worth approximately $271,000. 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. Rhumbline Advisers acquired a new stake in Sky Harbour Group during the second quarter worth approximately $103,000. Finally, Apis Capital Advisors LLC acquired a new stake in Sky Harbour Group during the second quarter worth approximately $92,000. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Trading Down 0.5 %

Shares of SKYH opened at $10.81 on Thursday. The firm has a market capitalization of $724.59 million, a price-to-earnings ratio of -8.07 and a beta of 1.84. Sky Harbour Group Co. has a fifty-two week low of $5.24 and a fifty-two week high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. The company had revenue of $3.62 million for the quarter. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%. Sell-side analysts forecast that Sky Harbour Group Co. will post 0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKYH has been the topic of a number of analyst reports. Northland Securities initiated coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 target price on the stock. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sky Harbour Group 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.