Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Unusually-High Trading Volume - Should You Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) saw strong trading volume on Monday . 120,528 shares changed hands during trading, an increase of 8% from the previous session's volume of 112,082 shares.The stock last traded at $10.78 and had previously closed at $10.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on SKYH. Lake Street Capital began 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. Alliance Global Partners initiated 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. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $17.38.

Sky Harbour Group Stock Performance

The firm's 50 day moving average price is $10.19 and its two-hundred day moving average price is $11.13. The firm has a market cap of $807.51 million, a PE ratio of -5.16 and a beta of 1.74.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Sky Harbour Group in the fourth quarter worth $26,000. Wells Fargo & Company MN grew its position in shares of Sky Harbour Group by 40.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock worth $75,000 after buying an additional 1,807 shares in the last quarter. Fullcircle Wealth LLC purchased a new stake in shares of Sky Harbour Group during the fourth quarter worth approximately $131,000. Deutsche Bank AG raised 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 acquiring an additional 13,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Sky Harbour Group in the fourth quarter worth approximately $185,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.