Geode Capital Management LLC Purchases 50,444 Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Geode Capital Management LLC lifted its position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,909 shares of the company's stock after acquiring an additional 50,444 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Sky Harbour Group worth $3,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lawson Kroeker Investment Management Inc. NE boosted its position in Sky Harbour Group by 121.8% in the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company's stock worth $4,471,000 after purchasing an additional 205,788 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in shares of Sky Harbour Group by 60.1% in the 4th quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company's stock worth $1,884,000 after buying an additional 59,284 shares during the last quarter. State Street Corp grew its position in Sky Harbour Group by 1.1% during the third quarter. State Street Corp now owns 125,483 shares of the company's stock valued at $1,385,000 after buying an additional 1,406 shares during the period. Centerpoint Advisors LLC purchased a new stake in Sky Harbour Group during the fourth quarter worth about $1,390,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Sky Harbour Group in the fourth quarter worth about $578,000. Hedge funds and other institutional investors own 14.75% of the company's stock.

Sky Harbour Group Price Performance

Shares of Sky Harbour Group stock traded up $0.43 during trading on Friday, hitting $11.15. 29,613 shares of the company's stock traded hands, compared to its average volume of 97,485. Sky Harbour Group Co. has a 1 year low of $8.26 and a 1 year high of $14.52. The business has a 50-day simple moving average of $11.29 and a 200-day simple moving average of $11.41. The stock has a market capitalization of $842.67 million, a P/E ratio of -5.38 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SKYH shares. B. Riley raised shares of Sky Harbour Group to a "strong-buy" rating in a report on Tuesday, January 7th. Alliance Global Partners started coverage on Sky Harbour Group in a research report on Friday, April 25th. They set a "buy" rating and a $14.50 price target on the stock. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sky Harbour Group currently has a consensus rating of "Buy" and an average price target of $18.50.

Sky Harbour Group Profile

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.