Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) have been assigned an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.38.

A number of equities research analysts have commented on SKYH shares. Alliance Global Partners started coverage on Sky Harbour Group in a research report on Friday, April 25th. They issued a “buy” rating and a $14.50 target price on the stock. Lake Street Capital started coverage on Sky Harbour Group in a research report on Monday, June 9th. They issued a “buy” rating and a $14.00 target price on the stock.

Hedge Funds Weigh In On Sky Harbour Group

Several institutional investors have recently bought and sold shares of SKYH. AYAL Capital Advisors Ltd acquired a new position in Sky Harbour Group in the 4th quarter valued at about $5,992,000. Centerpoint Advisors LLC acquired a new position in shares of Sky Harbour Group during the fourth quarter worth about $1,390,000. Tocqueville Asset Management L.P. grew its position in shares of Sky Harbour Group by 145.4% during the first quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock worth $1,547,000 after buying an additional 70,454 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Sky Harbour Group by 437.2% during the fourth quarter. Renaissance Technologies LLC now owns 79,500 shares of the company’s stock worth $948,000 after buying an additional 64,700 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE grew its position in shares of Sky Harbour Group by 16.8% during the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company’s stock worth $5,696,000 after buying an additional 63,068 shares in the last quarter. 14.75% of the stock is owned by institutional investors and hedge funds.

Sky Harbour Group Stock Performance

NYSEAMERICAN SKYH opened at $9.73 on Monday. Sky Harbour Group has a fifty-two week low of $8.26 and a fifty-two week high of $14.52. The firm has a market capitalization of $735.69 million, a P/E ratio of -4.70 and a beta of 1.74. The stock’s fifty day moving average is $10.94 and its two-hundred day moving average is $11.35.

About Sky Harbour Group

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.