Bank of America Corp DE lessened its position in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 35.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,108 shares of the company's stock after selling 144,352 shares during the quarter. Bank of America Corp DE owned approximately 0.35% of Sky Harbour Group worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of SKYH. BNP Paribas Financial Markets acquired a new position in Sky Harbour Group in the fourth quarter worth about $26,000. Wells Fargo & Company MN raised its holdings in shares of Sky Harbour Group by 40.2% in the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock worth $75,000 after buying an additional 1,807 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Sky Harbour Group during the 4th quarter worth approximately $185,000. Barclays PLC boosted its stake in Sky Harbour Group by 10.2% in the 4th quarter. Barclays PLC now owns 17,973 shares of the company's stock valued at $214,000 after buying an additional 1,658 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Sky Harbour Group in the fourth quarter valued at $215,000. 14.75% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners assumed 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 on the stock. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $18.50.
Get Our Latest Stock Analysis on Sky Harbour Group
Sky Harbour Group Stock Performance
SKYH traded up $0.04 during mid-day trading on Wednesday, reaching $9.88. The stock had a trading volume of 266,064 shares, compared to its average volume of 106,501. The firm's fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $11.41. The stock has a market capitalization of $747.03 million, a P/E ratio of -4.77 and a beta of 1.74. Sky Harbour Group Co. has a 52 week low of $8.26 and a 52 week high of $14.52.
Sky Harbour Group Company Profile
(
Free Report)
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.
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