Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Up 7.3% – Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price traded up 7.3% on Tuesday . The stock traded as high as $8.83 and last traded at $8.91. 29,514 shares changed hands during trading, a decline of 77% from the average session volume of 125,841 shares. The stock had previously closed at $8.30.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SKYH shares. BTIG Research reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a research report on Thursday, November 13th. B. Riley raised Sky Harbour Group to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Zacks Research downgraded shares of Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.83.

Sky Harbour Group Stock Performance

The firm has a market capitalization of $678.22 million, a PE ratio of -4.33 and a beta of 1.74. The company’s 50 day simple moving average is $9.80 and its 200-day simple moving average is $10.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in Sky Harbour Group by 145.6% in the third quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after purchasing an additional 2,971 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Sky Harbour Group by 28.6% in the 3rd quarter. Alliancebernstein L.P. now owns 17,080 shares of the company’s stock worth $169,000 after buying an additional 3,800 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Sky Harbour Group by 33.7% during the 2nd quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock valued at $149,000 after buying an additional 3,853 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after acquiring an additional 4,721 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Sky Harbour Group by 16.9% during the third quarter. Principal Financial Group Inc. now owns 35,272 shares of the company’s stock valued at $348,000 after purchasing an additional 5,112 shares in the last quarter. Hedge funds and other institutional investors own 14.75% of the company’s stock.

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.