AYAL Capital Advisors Ltd Acquires New Position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

AYAL Capital Advisors Ltd bought a new stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 502,278 shares of the company’s stock, valued at approximately $5,992,000. Sky Harbour Group makes up about 1.6% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 13th biggest position. AYAL Capital Advisors Ltd owned approximately 0.66% of Sky Harbour Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in Sky Harbour Group by 40.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock valued at $75,000 after acquiring an additional 1,807 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock valued at $181,000 after purchasing an additional 12,490 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Sky Harbour Group during the 4th quarter valued at $185,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Sky Harbour Group in the 4th quarter worth $215,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Sky Harbour Group by 43.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 38,070 shares of the company’s stock worth $454,000 after buying an additional 11,466 shares during the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley raised Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, January 7th. Alliance Global Partners began coverage on shares of Sky Harbour Group in a research note on Friday, April 25th. They issued a “buy” rating and a $14.50 target price for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.50.

Sky Harbour Group Stock Performance

Shares of SKYH opened at $11.25 on Friday. The stock has a 50-day moving average of $11.29 and a two-hundred day moving average of $11.41. The stock has a market cap of $850.61 million, a P/E ratio of -5.43 and a beta of 1.74. Sky Harbour Group Co. has a one year low of $8.26 and a one year high of $14.52.

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.