Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Up 4.5% – Here’s What Happened

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) rose 4.5% during mid-day trading on Tuesday . The company traded as high as $9.31 and last traded at $9.31. Approximately 274,702 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 117,268 shares. The stock had previously closed at $8.91.

Wall Street Analyst Weigh In

Separately, BTIG Research reaffirmed a “buy” rating and set a $13.00 target price on shares of Sky Harbour Group in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Sky Harbour Group currently has an average rating of “Buy” and an average target price of $13.83.

Sky Harbour Group Stock Up 4.5%

The firm has a 50-day moving average of $9.10 and a 200 day moving average of $9.57. The stock has a market capitalization of $703.93 million, a P/E ratio of -4.50 and a beta of 1.74.

Institutional Trading of Sky Harbour Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Manhattan CO. LLC. bought a new position in Sky Harbour Group during the fourth quarter worth about $1,203,000. Barclays PLC grew its stake in shares of Sky Harbour Group by 9.1% in the 4th quarter. Barclays PLC now owns 33,262 shares of the company’s stock valued at $298,000 after purchasing an additional 2,785 shares during the period. State Street Corp raised its holdings in shares of Sky Harbour Group by 2.5% in the 4th quarter. State Street Corp now owns 581,050 shares of the company’s stock worth $5,212,000 after buying an additional 14,035 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Sky Harbour Group by 65.4% in the 4th quarter. Wells Fargo & Company MN now owns 23,267 shares of the company’s stock worth $209,000 after buying an additional 9,199 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Sky Harbour Group by 9.9% during the 4th quarter. Deutsche Bank AG now owns 15,007 shares of the company’s stock worth $135,000 after buying an additional 1,357 shares during the period. 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.