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

Key Points

• Sky Harbour Group Co. (NYSEAMERICAN:SKYH) has received a consensus rating of "Buy" from seven research firms, with an average target price of $17.3750.
• The company's stock opened at $9.99 and has fluctuated between a 1-year low of $9.28 and a high of $14.52.
• Institutional investors have increased their holdings in Sky Harbour Group, with notable increases from Lawson Kroeker Investment Management and Tocqueville Asset Management.

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) have been given an average rating of "Buy" by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.3750.

A number of research analysts have recently issued reports on SKYH shares. Lake Street Capital started coverage on Sky Harbour Group in a research note on Monday, June 9th. They issued a "buy" rating and a $14.00 price objective on the stock. Zacks Research downgraded Sky Harbour Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th.

Hedge Funds Weigh In On Sky Harbour Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Sky Harbour Group by 173.7% during the second quarter. Bank of America Corp DE now owns 702,494 shares of the company's stock valued at $6,863,000 after purchasing an additional 445,828 shares during the period. Geode Capital Management LLC raised its position in Sky Harbour Group by 32.1% during the second quarter. Geode Capital Management LLC now owns 465,415 shares of the company's stock valued at $4,548,000 after purchasing an additional 112,994 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE raised its position in Sky Harbour Group by 3.8% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 454,300 shares of the company's stock valued at $4,439,000 after purchasing an additional 16,451 shares in the last quarter. Centerpoint Advisors LLC raised its position in Sky Harbour Group by 57.1% during the second quarter. Centerpoint Advisors LLC now owns 275,000 shares of the company's stock valued at $2,687,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Meixler Investment Management Ltd. grew its stake in shares of Sky Harbour Group by 19.7% during the second quarter. Meixler Investment Management Ltd. now owns 263,995 shares of the company's stock valued at $2,579,000 after buying an additional 43,377 shares during the last quarter. 14.75% of the stock is owned by institutional investors.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN:SKYH traded down $0.25 during midday trading on Wednesday, reaching $10.08. The company's stock had a trading volume of 242,502 shares, compared to its average volume of 131,039. The firm has a market capitalization of $762.15 million, a price-to-earnings ratio of -4.87 and a beta of 1.74. The firm has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $10.66. Sky Harbour Group has a fifty-two week low of $9.28 and a fifty-two week high of $14.52.

Sky Harbour Group Company 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.