Sky Harbour Group (NYSEAMERICAN:SKYH) Earns “Buy” Rating from BTIG Research

Sky Harbour Group (NYSEAMERICAN:SKYH)‘s stock had its “buy” rating reissued by BTIG Research in a research report issued on Thursday,Benzinga reports. They currently have a $13.00 target price on the stock. BTIG Research’s target price points to a potential upside of 33.90% from the stock’s previous close.

A number of other equities analysts have also commented on SKYH. B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Thursday, October 16th. Zacks Research downgraded Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sky Harbour Group has a consensus rating of “Buy” and an average price target of $16.63.

Sky Harbour Group Stock Performance

SKYH stock traded down $0.14 during mid-day trading on Thursday, reaching $9.71. 51,607 shares of the stock traded hands, compared to its average volume of 124,039. The business has a 50-day moving average price of $10.03 and a two-hundred day moving average price of $10.28. The stock has a market capitalization of $734.10 million, a PE ratio of -4.71 and a beta of 1.74. Sky Harbour Group has a one year low of $9.28 and a one year high of $14.52.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sky Harbour Group by 68.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock valued at $114,000 after buying an additional 4,721 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Sky Harbour Group in the second quarter worth approximately $128,000. Metis Global Partners LLC grew its holdings in Sky Harbour Group by 33.7% in the second 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 period. Nuveen LLC purchased a new position in Sky Harbour Group during the first quarter worth approximately $198,000. Finally, American Century Companies Inc. acquired a new position in shares of Sky Harbour Group in the 1st quarter valued at $269,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

Sky Harbour Group Company 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.