Sky Harbour Group (NYSEAMERICAN:SKYH) Earns Buy Rating from Analysts at Alliance Global Partners

Alliance Global Partners started coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a research report report published on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $14.50 price objective on the stock.

Separately, B. Riley upgraded Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Sky Harbour Group has a consensus rating of “Buy” and an average target price of $18.50.

Sky Harbour Group Price Performance

Shares of NYSEAMERICAN:SKYH opened at $10.95 on Friday. The firm has a market capitalization of $827.93 million, a PE ratio of -5.29 and a beta of 1.74. The business has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $11.41. Sky Harbour Group has a 1 year low of $8.26 and a 1 year high of $14.52.

Institutional Trading of Sky Harbour Group

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its holdings in Sky Harbour Group by 1.1% during the third quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after buying an additional 1,406 shares in the last quarter. Barclays PLC raised its position in shares of Sky Harbour Group by 10.2% in the fourth quarter. Barclays PLC now owns 17,973 shares of the company’s stock worth $214,000 after acquiring an additional 1,658 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Sky Harbour Group by 40.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock worth $75,000 after acquiring an additional 1,807 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Sky Harbour Group during the 4th quarter valued at about $26,000. Finally, Geode Capital Management LLC increased its stake in shares of Sky Harbour Group by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock valued at $2,777,000 after purchasing an additional 6,887 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.