Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Given Average Recommendation of "Buy" by Brokerages

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) have been given an average recommendation of "Buy" by the six brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.38.

A number of equities analysts recently commented on the stock. Lake Street Capital started coverage on shares of Sky Harbour Group in a research note on Monday. They set a "buy" rating and a $14.00 price target for the company. 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 price target for the company.

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. increased its holdings in shares of Sky Harbour Group by 145.4% during the 1st quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company's stock worth $1,547,000 after buying an additional 70,454 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Sky Harbour Group in the first quarter valued at $269,000. Centerpoint Advisors LLC boosted its stake in shares of Sky Harbour Group by 50.2% in the 1st quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company's stock valued at $2,277,000 after buying an additional 58,500 shares during the period. Nuveen LLC acquired a new position in Sky Harbour Group during the 1st quarter worth approximately $198,000. Finally, Lawson Kroeker Investment Management Inc. NE increased its holdings in 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 valued at $5,696,000 after buying an additional 63,068 shares during the last quarter. Hedge funds and other institutional investors own 14.75% of the company's stock.

Sky Harbour Group Price Performance

Shares of NYSEAMERICAN SKYH traded down $0.01 during midday trading on Monday, reaching $9.91. 85,518 shares of the stock traded hands, compared to its average volume of 108,682. The company's 50 day moving average is $10.95 and its 200 day moving average is $11.38. Sky Harbour Group has a one year low of $8.26 and a one year high of $14.52. The stock has a market capitalization of $749.30 million, a PE ratio of -4.79 and a beta of 1.74.

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.