Renaissance Technologies LLC increased its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 437.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,500 shares of the company's stock after acquiring an additional 64,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.11% of Sky Harbour Group worth $948,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SKYH. Wells Fargo & Company MN raised its stake in Sky Harbour Group by 40.2% in the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock valued at $75,000 after purchasing an additional 1,807 shares during the last quarter. Barclays PLC raised its position in shares of Sky Harbour Group by 326.5% in the third quarter. Barclays PLC now owns 16,315 shares of the company's stock valued at $181,000 after buying an additional 12,490 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Sky Harbour Group in the fourth quarter worth about $215,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Sky Harbour Group by 43.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,070 shares of the company's stock worth $454,000 after buying an additional 11,466 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Sky Harbour Group by 120.9% during the 4th quarter. JPMorgan Chase & Co. now owns 41,668 shares of the company's stock valued at $497,000 after acquiring an additional 22,802 shares in the last quarter. 14.75% of the stock is currently owned by institutional investors and hedge funds.
Sky Harbour Group Stock Down 1.3 %
Shares of Sky Harbour Group stock traded down $0.15 during mid-day trading on Tuesday, hitting $11.11. The stock had a trading volume of 59,460 shares, compared to its average volume of 98,372. The firm has a 50-day moving average of $11.30 and a two-hundred day moving average of $11.41. The firm has a market cap of $840.03 million, a P/E ratio of -5.37 and a beta of 1.74. Sky Harbour Group Co. has a 12-month low of $8.26 and a 12-month high of $14.52.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SKYH. Alliance Global Partners began coverage on shares of Sky Harbour Group in a research note on Friday, April 25th. They issued a "buy" rating and a $14.50 target price on the stock. B. Riley upgraded Sky Harbour Group to a "strong-buy" rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Sky Harbour Group currently has an average rating of "Buy" and a consensus target price of $18.50.
Read Our Latest Stock Analysis on SKYH
Sky Harbour Group Profile
(
Free Report)
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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