Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 2.4% – What’s Next?

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) were down 2.4% on Wednesday . The company traded as low as $9.00 and last traded at $9.09. Approximately 115,169 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 94,304 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

SKYH has been the subject of several recent research reports. B. Riley upgraded Sky Harbour Group to a “strong-buy” rating in a report on Thursday, October 16th. BTIG Research reaffirmed a “buy” rating and set a $13.00 price objective on shares of Sky Harbour Group in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.83.

Sky Harbour Group Trading Down 2.4%

The stock has a market capitalization of $687.29 million, a PE ratio of -4.39 and a beta of 1.74. The firm has a 50-day moving average price of $9.19 and a 200-day moving average price of $9.79.

Institutional Trading of Sky Harbour Group

Several hedge funds have recently added to or reduced their stakes in the stock. Heritage Investors Management Corp bought a new stake in shares of Sky Harbour Group in the 2nd quarter worth approximately $301,000. Meixler Investment Management Ltd. grew its holdings in Sky Harbour Group by 19.7% during the second quarter. Meixler Investment Management Ltd. now owns 263,995 shares of the company’s stock valued at $2,579,000 after purchasing an additional 43,377 shares during the period. Centerpoint Advisors LLC increased its position in Sky Harbour Group by 57.1% in the second quarter. Centerpoint Advisors LLC now owns 275,000 shares of the company’s stock worth $2,687,000 after buying an additional 100,000 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE raised its stake in shares of Sky Harbour Group by 3.8% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 454,300 shares of the company’s stock valued at $4,439,000 after buying an additional 16,451 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after buying an additional 2,971 shares during the last quarter. Institutional investors own 14.75% of the company’s stock.

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.