Sky Harbour Group Co. $SKYH Shares Bought by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its stake in Sky Harbour Group Co. by 145.4%, owning 118,900 shares worth approximately $1.5 million after acquiring an additional 70,454 shares in the first quarter.
• Sky Harbour Group currently has a market capitalization of $776.51 million, with a recent trading range between a 1-year low of $9.28 and a high of $14.52.
• Analysts have a positive outlook for Sky Harbour Group, with an average rating of "Buy" and an average price target of $17.38, reflecting strong confidence among several equity research firms.

Tocqueville Asset Management L.P. increased its position in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 145.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,900 shares of the company's stock after acquiring an additional 70,454 shares during the period. Tocqueville Asset Management L.P. owned about 0.16% of Sky Harbour Group worth $1,547,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SKYH. BNP Paribas Financial Markets acquired a new position in Sky Harbour Group during the 4th quarter worth about $26,000. Wells Fargo & Company MN lifted its stake in Sky Harbour Group by 40.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock worth $75,000 after acquiring an additional 1,807 shares in the last quarter. Fullcircle Wealth LLC acquired a new position in Sky Harbour Group during the 4th quarter worth about $131,000. Deutsche Bank AG lifted its stake in Sky Harbour Group by 5,014.9% during the 4th quarter. Deutsche Bank AG now owns 13,350 shares of the company's stock worth $159,000 after acquiring an additional 13,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Sky Harbour Group during the 4th quarter worth about $185,000. Institutional investors and hedge funds own 14.75% of the company's stock.

Analyst Upgrades and Downgrades

SKYH has been the topic of several research reports. 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 started coverage on Sky Harbour Group in a research report on Monday, June 9th. They issued a "buy" rating and a $14.00 price target on the stock. Finally, Alliance Global Partners started coverage on Sky Harbour Group in a research report on Friday, April 25th. They issued a "buy" rating and a $14.50 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.38.

Sky Harbour Group Stock Performance

SKYH stock traded up $0.46 during midday trading on Friday, hitting $10.78. 157,058 shares of the stock were exchanged, compared to its average volume of 135,776. The stock's 50-day moving average price is $10.09 and its 200-day moving average price is $10.79. The stock has a market cap of $815.08 million, a price-to-earnings ratio of -5.21 and a beta of 1.74. Sky Harbour Group Co. has a fifty-two week low of $9.28 and a fifty-two 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.