Brokerages Set Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Target Price at $16.63

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.6250.

Several analysts have commented on the company. BTIG Research assumed coverage on Sky Harbour Group in a research note on Monday. They set a “buy” rating and a $13.00 target price on the stock. Zacks Research downgraded shares of Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Thursday, October 16th.

Institutional Trading of Sky Harbour Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after acquiring an additional 4,721 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Sky Harbour Group in the 2nd quarter valued at approximately $128,000. Nuveen LLC purchased a new stake in shares of Sky Harbour Group in the 1st quarter valued at approximately $198,000. Metis Global Partners LLC boosted its holdings in shares of Sky Harbour Group by 33.7% in the second quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock valued at $149,000 after acquiring an additional 3,853 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Sky Harbour Group in the first quarter valued at about $269,000. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Price Performance

NYSEAMERICAN SKYH opened at $9.89 on Monday. The stock has a market capitalization of $747.78 million, a PE ratio of -4.78 and a beta of 1.74. Sky Harbour Group has a 1 year low of $9.28 and a 1 year high of $14.52. The business’s 50-day moving average is $10.19 and its 200 day moving average is $10.38.

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.