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

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) has received an average recommendation of "Buy" from the six brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.38.

Several equities research analysts have recently weighed in on the stock. Lake Street Capital initiated coverage on Sky Harbour Group in a research report on Monday. They issued a "buy" rating and a $14.00 target price for the company. Alliance Global Partners initiated coverage on shares of Sky Harbour Group in a research report on Friday, April 25th. They set a "buy" rating and a $14.50 price objective for the company.

Sky Harbour Group Trading Up 1.4%

NYSEAMERICAN:SKYH traded up $0.14 during mid-day trading on Monday, hitting $9.94. The company had a trading volume of 36,337 shares, compared to its average volume of 107,080. Sky Harbour Group has a 1 year low of $8.26 and a 1 year high of $14.52. The business has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $11.41. The firm has a market capitalization of $751.19 million, a price-to-earnings ratio of -4.80 and a beta of 1.74.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in Sky Harbour Group during the fourth quarter valued at approximately $26,000. Wells Fargo & Company MN increased its stake in shares of 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 purchasing an additional 1,807 shares during the last quarter. Fullcircle Wealth LLC bought a new position in shares of Sky Harbour Group during the 4th quarter valued at $131,000. Deutsche Bank AG raised 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 purchasing an additional 13,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Sky Harbour Group in the 4th quarter valued at $185,000. Institutional investors and hedge funds own 14.75% of the company's stock.

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.

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