Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up – Here’s Why

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped up prior to trading on Friday . The stock had previously closed at $9.47, but opened at $9.82. Sky Harbour Group shares last traded at $9.0240, with a volume of 96,570 shares traded.

Sky Harbour Group Price Performance

The company has a market cap of $714.51 million, a price-to-earnings ratio of -4.57 and a beta of 1.74. The firm’s fifty day moving average price is $9.14 and its 200-day moving average price is $9.46.

Institutional Trading of Sky Harbour Group

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Sky Harbour Group by 145.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock worth $49,000 after purchasing an additional 2,971 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sky Harbour Group during the fourth quarter valued at approximately $83,000. Quadrant Capital Group LLC bought a new stake in shares of Sky Harbour Group during the third quarter valued at approximately $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 buying an additional 4,721 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Sky Harbour Group during the second quarter worth approximately $128,000. 14.75% of the stock is currently owned by institutional investors.

Sky Harbour Group Company Profile

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.