AYAL Capital Advisors Ltd Sells 77,686 Shares of Sky Harbour Group Co. $SKYH

AYAL Capital Advisors Ltd reduced its stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 15.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,592 shares of the company’s stock after selling 77,686 shares during the quarter. Sky Harbour Group comprises about 1.0% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 29th biggest position. AYAL Capital Advisors Ltd owned 0.56% of Sky Harbour Group worth $4,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SKYH. Metis Global Partners LLC lifted its stake in shares of Sky Harbour Group by 33.7% in the 2nd quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock valued at $149,000 after purchasing an additional 3,853 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sky Harbour Group by 68.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after buying an additional 4,721 shares during the last quarter. Intech Investment Management LLC purchased a new position in Sky Harbour Group during the second quarter worth $128,000. American Century Companies Inc. increased its position in Sky Harbour Group by 64.9% during the second quarter. American Century Companies Inc. now owns 34,123 shares of the company’s stock valued at $333,000 after acquiring an additional 13,434 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Sky Harbour Group in the first quarter valued at $198,000. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SKYH. BTIG Research restated a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a report on Thursday, November 13th. B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $13.83.

Sky Harbour Group Trading Down 3.3%

Shares of SKYH opened at $9.61 on Friday. The firm has a fifty day moving average price of $9.68 and a 200-day moving average price of $9.97. The firm has a market capitalization of $726.61 million, a P/E ratio of -4.64 and a beta of 1.74. Sky Harbour Group Co. has a 12-month low of $8.22 and a 12-month high of $14.20.

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.