Goldman Sachs Group Inc. Has $209,000 Stock Position in Sky Harbour Group Co. $SKYH

Key Points

• Goldman Sachs Group Inc. significantly reduced its position in Sky Harbour Group Co. by 61.5%, ending the quarter with 16,028 shares valued at $209,000.
• Other institutional investors have increased their stakes in Sky Harbour Group, with Tocqueville Asset Management L.P. boosting its holdings by 145.4%.
• Sky Harbour Group currently has a consensus rating of "Buy" among analysts, with a target price of $17.83, despite a recent downgrade by Zacks Research.

Goldman Sachs Group Inc. reduced its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 61.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,028 shares of the company's stock after selling 25,648 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Sky Harbour Group were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lawson Kroeker Investment Management Inc. NE lifted its stake in shares of Sky Harbour Group by 16.8% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company's stock worth $5,696,000 after acquiring an additional 63,068 shares during the period. Centerpoint Advisors LLC lifted its stake in shares of Sky Harbour Group by 50.2% in the first quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company's stock worth $2,277,000 after acquiring an additional 58,500 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of Sky Harbour Group by 145.4% in the first quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company's stock worth $1,547,000 after acquiring an additional 70,454 shares during the period. American Century Companies Inc. acquired a new position in shares of Sky Harbour Group in the first quarter worth approximately $269,000. Finally, Nuveen LLC acquired a new position in shares of Sky Harbour Group in the first quarter worth approximately $198,000. 14.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SKYH shares. Zacks Research lowered Sky Harbour Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Lake Street Capital assumed coverage on Sky Harbour Group in a report on Monday, June 9th. They issued a "buy" rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $17.83.

Sky Harbour Group Stock Performance

Shares of SKYH stock opened at $10.08 on Monday. The company has a market cap of $762.15 million, a P/E ratio of -4.87 and a beta of 1.74. The stock has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $10.65. Sky Harbour Group Co. has a fifty-two week low of $9.28 and a fifty-two week high of $14.52.

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.

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