Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Receives $17.38 Consensus Target Price from Brokerages

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.38.

SKYH has been the topic of several recent research reports. Alliance Global Partners started coverage on Sky Harbour Group in a report on Friday, April 25th. They set a "buy" rating and a $14.50 price target on the stock. Lake Street Capital began coverage on Sky Harbour Group in a research report on Monday, June 9th. They set a "buy" rating and a $14.00 price target on the stock.

Institutional Investors Weigh In On Sky Harbour Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKYH. BNP Paribas Financial Markets purchased a new stake in Sky Harbour Group in the fourth quarter valued at about $26,000. Wells Fargo & Company MN raised its position in Sky Harbour Group by 40.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock valued at $75,000 after acquiring an additional 1,807 shares in the last quarter. Fullcircle Wealth LLC acquired a new stake in Sky Harbour Group in the fourth quarter valued at approximately $131,000. Deutsche Bank AG grew its holdings in Sky Harbour Group by 5,014.9% in the fourth 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 during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in Sky Harbour Group in the fourth quarter valued at approximately $185,000. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Sky Harbour Group Trading Up 0.9%

NYSEAMERICAN:SKYH traded up $0.09 during midday trading on Friday, hitting $9.95. 60,955 shares of the company traded hands, compared to its average volume of 110,758. The firm's fifty day moving average is $10.51 and its 200-day moving average is $11.24. Sky Harbour Group has a 12-month low of $8.26 and a 12-month high of $14.52. The firm has a market capitalization of $752.32 million, a P/E ratio of -4.81 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.