Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Down to $9.83

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped down before the market opened on Tuesday . The stock had previously closed at $9.83, but opened at $9.63. Sky Harbour Group shares last traded at $9.63, with a volume of 1,334 shares.

Sky Harbour Group Stock Performance

The company has a market cap of $656.13 million, a P/E ratio of -6.55 and a beta of 1.84.

Sky Harbour Group (NYSEAMERICAN:SKYH) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $2.40 million for the quarter, compared to analysts’ expectations of $3.06 million. Sky Harbour Group had a negative return on equity of 12.00% and a negative net margin of 325.99%.

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 value of $2,463,890.00. Following the transaction, the insider now directly 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 the SEC website. 45.18% of the stock is owned by company insiders.

Institutional Trading of Sky Harbour Group

An institutional investor recently bought a new position in Sky Harbour Group stock. Caprock Group LLC acquired a new stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,000 shares of the company’s stock, valued at approximately $126,000. 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.