Sky Harbour Group (NYSEAMERICAN:SKYH) Rating Increased to Strong-Buy at B. Riley

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by analysts at B. Riley to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Zacks Research lowered Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.83.

Sky Harbour Group Stock Performance

Shares of SKYH stock opened at $9.86 on Thursday. Sky Harbour Group has a 52-week low of $9.28 and a 52-week high of $14.52. The firm has a market capitalization of $745.51 million, a P/E ratio of -4.76 and a beta of 1.74. The stock has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SKYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 4,721 shares during the period. Intech Investment Management LLC purchased a new position in shares of Sky Harbour Group in the 2nd quarter valued at $128,000. Metis Global Partners LLC increased its holdings in shares of Sky Harbour Group by 33.7% in the 2nd quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock valued at $149,000 after acquiring an additional 3,853 shares during the period. Nuveen LLC purchased a new position in shares of Sky Harbour Group in the 1st quarter valued at $198,000. Finally, American Century Companies Inc. purchased 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 hedge funds and other institutional investors.

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.