Centerpoint Advisors LLC Has $2.28 Million Stock Holdings in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Key Points

• Centerpoint Advisors LLC has increased its stake in Sky Harbour Group by 50.2%, now holding 175,000 shares, valued at approximately $2.3 million.
• Multiple analysts have rated Sky Harbour Group positively, with a consensus target price of $17.38 and several ratings of "buy" or "strong buy."
• The stock opened at $10.95, with a market capitalization of approximately $827.93 million, indicating its growth potential in the aviation infrastructure sector.

Centerpoint Advisors LLC lifted its position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the company's stock after acquiring an additional 58,500 shares during the quarter. Sky Harbour Group makes up approximately 0.8% of Centerpoint Advisors LLC's portfolio, making the stock its 18th largest position. Centerpoint Advisors LLC owned about 0.23% of Sky Harbour Group worth $2,277,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of 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 acquiring an additional 1,658 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Sky Harbour Group by 40.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock valued at $75,000 after acquiring an additional 1,807 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Sky Harbour Group in the fourth quarter valued at $26,000. Fullcircle Wealth LLC bought a new stake in shares of Sky Harbour Group during the 4th quarter valued at $131,000. Finally, Deutsche Bank AG boosted its holdings in shares of Sky Harbour Group by 5,014.9% during the 4th quarter. Deutsche Bank AG now owns 13,350 shares of the company's stock valued at $159,000 after buying an additional 13,089 shares in the last quarter. Institutional investors own 14.75% of the company's stock.

Sky Harbour Group Stock Down 4.0%

Shares of NYSEAMERICAN SKYH traded down $0.43 on Friday, hitting $10.27. The company had a trading volume of 91,862 shares, compared to its average volume of 137,055. Sky Harbour Group Co. has a 12-month low of $9.28 and a 12-month high of $14.52. The business has a 50 day moving average of $10.05 and a two-hundred day moving average of $10.82. The firm has a market capitalization of $776.51 million, a P/E ratio of -4.96 and a beta of 1.74.

Wall Street Analyst Weigh In

SKYH has been the subject of several analyst reports. Alliance Global Partners initiated coverage on shares of Sky Harbour Group in a report on Friday, April 25th. They issued a "buy" rating and a $14.50 target price for the company. Lake Street Capital began coverage on Sky Harbour Group in a research report on Monday, June 9th. They set a "buy" rating and a $14.00 target price for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $17.38.

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.