Tocqueville Asset Management L.P. Boosts Stock Holdings in Sky Harbour Group Co. $SKYH

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. lifted 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 & Exchange Commission. The institutional investor owned 118,900 shares of the company's stock after acquiring an additional 70,454 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.16% of Sky Harbour Group worth $1,547,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SKYH. AYAL Capital Advisors Ltd bought a new position in Sky Harbour Group during the 4th quarter worth $5,992,000. Renaissance Technologies LLC raised its position in Sky Harbour Group by 437.2% during the 4th quarter. Renaissance Technologies LLC now owns 79,500 shares of the company's stock worth $948,000 after purchasing an additional 64,700 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE raised its position in Sky Harbour Group by 16.8% during the 1st quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company's stock worth $5,696,000 after purchasing an additional 63,068 shares during the last quarter. Centerpoint Advisors LLC raised its position in Sky Harbour Group by 50.2% during the 1st quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company's stock worth $2,277,000 after purchasing an additional 58,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Sky Harbour Group by 20.1% during the 4th quarter. Geode Capital Management LLC now owns 301,909 shares of the company's stock worth $3,602,000 after purchasing an additional 50,444 shares during the last quarter. 14.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Alliance Global Partners assumed coverage on Sky Harbour Group in a research report on Friday, April 25th. They set 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 issued a "buy" rating and a $14.00 price objective for the company. Finally, Zacks Research lowered Sky Harbour Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $17.38.

Sky Harbour Group Trading Up 4.5%

Shares of Sky Harbour Group stock traded up $0.4620 during trading on Friday, hitting $10.7820. The stock had a trading volume of 118,759 shares, compared to its average volume of 135,508. The firm has a market cap of $815.23 million, a price-to-earnings ratio of -5.21 and a beta of 1.74. Sky Harbour Group Co. has a 12 month low of $9.28 and a 12 month high of $14.52. The business's 50-day moving average is $10.07 and its 200 day moving average is $10.79.

Sky Harbour Group 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.