Bank of America Corp DE Cuts Stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Bank of America Corp DE cut its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,108 shares of the company’s stock after selling 144,352 shares during the quarter. Bank of America Corp DE owned about 0.35% of Sky Harbour Group worth $3,127,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SKYH. BNP Paribas Financial Markets acquired a new stake in shares of Sky Harbour Group during the fourth quarter valued at about $26,000. Wells Fargo & Company MN grew its stake in shares of Sky Harbour Group by 40.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock valued at $75,000 after acquiring an additional 1,807 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Sky Harbour Group during the fourth quarter valued at about $185,000. Barclays PLC grew its stake in shares of Sky Harbour Group by 10.2% during the fourth quarter. Barclays PLC now owns 17,973 shares of the company’s stock valued at $214,000 after acquiring an additional 1,658 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Sky Harbour Group during the fourth quarter valued at about $215,000. 14.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on Sky Harbour Group in a research note on Friday, April 25th. They set a “buy” rating and a $14.50 target price for the company. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sky Harbour Group has an average rating of “Buy” and a consensus target price of $18.50.

Sky Harbour Group Stock Performance

NYSEAMERICAN:SKYH opened at $10.27 on Friday. The company has a market capitalization of $776.51 million, a price-to-earnings ratio of -4.96 and a beta of 1.74. Sky Harbour Group Co. has a one year low of $8.26 and a one year high of $14.52. The stock has a 50-day simple moving average of $11.42 and a 200 day simple moving average of $11.44.

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.