Alliance Global Partners assumed coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH - Free Report) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $14.50 price target on the stock.
Separately, B. Riley raised Sky Harbour Group to a "strong-buy" rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sky Harbour Group currently has an average rating of "Buy" and a consensus target price of $18.50.
Read Our Latest Analysis on SKYH
Sky Harbour Group Price Performance
Shares of NYSEAMERICAN SKYH traded up $0.07 during midday trading on Friday, hitting $10.85. The stock had a trading volume of 24,300 shares, compared to its average volume of 97,075. The company's 50-day simple moving average is $11.30 and its 200 day simple moving average is $11.40. The firm has a market cap of $820.37 million, a P/E ratio of -5.24 and a beta of 1.74. Sky Harbour Group has a fifty-two week low of $8.26 and a fifty-two week high of $14.52.
Institutional Trading of Sky Harbour Group
A number of hedge funds have recently added to or reduced their stakes in the stock. AYAL Capital Advisors Ltd bought a new position in shares of Sky Harbour Group during the fourth quarter valued at $5,992,000. Lawson Kroeker Investment Management Inc. NE raised its stake in shares of Sky Harbour Group by 121.8% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company's stock valued at $4,471,000 after acquiring an additional 205,788 shares during the last quarter. Centerpoint Advisors LLC bought a new position in shares of Sky Harbour Group during the fourth quarter valued at $1,390,000. Renaissance Technologies LLC raised its stake in shares of Sky Harbour Group by 437.2% during the fourth quarter. Renaissance Technologies LLC now owns 79,500 shares of the company's stock valued at $948,000 after acquiring an additional 64,700 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its stake in shares of Sky Harbour Group by 60.1% during the fourth quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company's stock valued at $1,884,000 after acquiring an additional 59,284 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company's stock.
About Sky Harbour Group
(
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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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