Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Rating Upgraded by B. Riley

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Zacks Research lowered shares of Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Sky Harbour Group presently has an average rating of “Buy” and an average target price of $17.83.

Sky Harbour Group Stock Performance

SKYH stock opened at $9.87 on Thursday. Sky Harbour Group has a 52 week low of $9.28 and a 52 week high of $14.52. The firm’s fifty day moving average is $10.25 and its 200 day moving average is $10.46. The firm has a market cap of $746.27 million, a P/E ratio of -4.77 and a beta of 1.74.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently added to or reduced their stakes in the company. Lawson Kroeker Investment Management Inc. NE grew its holdings in Sky Harbour Group by 16.8% in the 1st quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company’s stock worth $5,696,000 after acquiring an additional 63,068 shares during the last quarter. Centerpoint Advisors LLC lifted its position in shares of Sky Harbour Group by 50.2% in the 1st quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company’s stock worth $2,277,000 after purchasing an additional 58,500 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of Sky Harbour Group by 145.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock worth $1,547,000 after purchasing an additional 70,454 shares during the period. American Century Companies Inc. purchased a new stake in shares of Sky Harbour Group in the 1st quarter worth about $269,000. Finally, Nuveen LLC purchased a new stake in shares of Sky Harbour Group in the 1st quarter worth about $198,000. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Company 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.