Bank of America Corp DE Cuts Stock Position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Bank of America Corp DE reduced its holdings in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,108 shares of the company's stock after selling 144,352 shares during the quarter. Bank of America Corp DE owned 0.35% of Sky Harbour Group worth $3,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in shares of Sky Harbour Group in the fourth quarter valued at about $26,000. AYAL Capital Advisors Ltd acquired a new stake in Sky Harbour Group during the fourth quarter worth approximately $5,992,000. Northern Trust Corp grew its stake in Sky Harbour Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 105,091 shares of the company's stock worth $1,254,000 after purchasing an additional 15,716 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Sky Harbour Group during the fourth quarter worth approximately $185,000. Finally, Barclays PLC grew its stake in Sky Harbour Group by 10.2% during the fourth quarter. Barclays PLC now owns 17,973 shares of the company's stock worth $214,000 after purchasing an additional 1,658 shares during the period. 14.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on Sky Harbour Group in a research note on Friday, April 25th. They set a "buy" rating and a $14.50 target price for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $18.50.

Sky Harbour Group Stock Down 0.4%

NYSEAMERICAN:SKYH traded down $0.04 on Tuesday, hitting $9.90. The stock had a trading volume of 161,115 shares, compared to its average volume of 105,027. The business's fifty day moving average is $11.36 and its 200 day moving average is $11.43. The company has a market cap of $748.54 million, a PE ratio of -4.78 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

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.