Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Down - Should You Sell?

Key Points

• Sky Harbour Group's shares gapped down to $10.14 at the opening on Wednesday, closing at $10.73 with a trading volume of 66,509 shares.
• Equities analysts have issued a consensus rating of "Buy" for Sky Harbour Group, with target prices ranging from $14.00 to $17.38.
• Institutional investors significantly increased their holdings, with American Century Companies raising their stake by 64.9% and Rhumbline Advisers by 185.5% in the latest quarter.

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.95, but opened at $10.14. Sky Harbour Group shares last traded at $10.73, with a volume of 66,509 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Alliance Global Partners began coverage on Sky Harbour Group in a report on Friday, April 25th. They set a "buy" rating and a $14.50 price target for the company. Lake Street Capital began coverage on Sky Harbour Group in a research report on Monday, June 9th. They set a "buy" rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $17.38.

Sky Harbour Group Stock Up 0.5%

The stock has a fifty day moving average of $10.05 and a 200-day moving average of $10.82. The stock has a market cap of $780.30 million, a PE ratio of -4.99 and a beta of 1.74.

Institutional Trading of Sky Harbour Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in Sky Harbour Group by 10.2% in the 4th quarter. Barclays PLC now owns 17,973 shares of the company's stock worth $214,000 after purchasing an additional 1,658 shares during the period. Wells Fargo & Company MN grew its stake in Sky Harbour Group by 40.2% in the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company's stock valued at $75,000 after buying an additional 1,807 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Sky Harbour Group in the 4th quarter worth $26,000. Metis Global Partners LLC grew its position in Sky Harbour Group by 33.7% in the 2nd quarter. Metis Global Partners LLC now owns 15,301 shares of the company's stock worth $149,000 after purchasing an additional 3,853 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company's stock valued at $114,000 after acquiring an additional 4,721 shares in the last quarter. 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.