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

Key Points

• Sky Harbour Group Co. has received a consensus rating of "Buy" from seven brokerages, with an average 1-year price target of $17.3750.
• Several institutional investors have significantly increased their stakes in the company during the second quarter, with Bank of America Corp DE raising its holdings by 173.7%.
• The stock has shown a market capitalization of $815.08 million and has fluctuated between a 1-year low of $9.28 and a 1-year high of $14.52.

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) has received a consensus rating of "Buy" from the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.3750.

Several research analysts have recently weighed in on the company. Zacks Research cut Sky Harbour Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Alliance Global Partners assumed coverage on Sky Harbour Group in a research note on Friday, April 25th. They issued a "buy" rating and a $14.50 price target for the company. Finally, Lake Street Capital initiated coverage on Sky Harbour Group in a research note on Monday, June 9th. They issued a "buy" rating and a $14.00 price target for the company.

Institutional Trading of Sky Harbour Group

Several large investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Sky Harbour Group by 173.7% in the second quarter. Bank of America Corp DE now owns 702,494 shares of the company's stock worth $6,863,000 after acquiring an additional 445,828 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company's stock valued at $114,000 after purchasing an additional 4,721 shares during the period. American Century Companies Inc. grew its holdings in Sky Harbour Group by 64.9% during the second quarter. American Century Companies Inc. now owns 34,123 shares of the company's stock valued at $333,000 after purchasing an additional 13,434 shares during the period. Rhumbline Advisers grew its holdings in Sky Harbour Group by 185.5% during the second quarter. Rhumbline Advisers now owns 33,409 shares of the company's stock valued at $326,000 after purchasing an additional 21,708 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Sky Harbour Group during the second quarter valued at about $128,000. Institutional investors own 14.75% of the company's stock.

Sky Harbour Group Price Performance

SKYH stock opened at $10.78 on Friday. Sky Harbour Group has a 1-year low of $9.28 and a 1-year high of $14.52. The business has a fifty day moving average price of $10.09 and a 200-day moving average price of $10.79. The stock has a market capitalization of $815.08 million, a P/E ratio of -5.21 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.

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