Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,108 shares of the company’s stock after selling 144,352 shares during the period. Bank of America Corp DE’s holdings in Sky Harbour Group were worth $3,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SKYH. AYAL Capital Advisors Ltd acquired a new position in Sky Harbour Group in the fourth quarter valued at approximately $5,992,000. Centerpoint Advisors LLC acquired a new position in Sky Harbour Group in the fourth quarter valued at approximately $1,390,000. Renaissance Technologies LLC raised its holdings 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 buying an additional 64,700 shares during the last quarter. Meixler Investment Management Ltd. raised its holdings 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 buying an additional 59,284 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sky Harbour Group by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 301,909 shares of the company’s stock valued at $3,602,000 after buying an additional 50,444 shares during the last quarter. 14.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on Sky Harbour Group in a report on Friday, April 25th. They set a “buy” rating and a $14.50 price target on the stock. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Sky Harbour Group has an average rating of “Buy” and an average target price of $18.50.

Sky Harbour Group Trading Down 1.0%

SKYH opened at $10.27 on Friday. The business’s 50 day moving average is $11.42 and its 200-day moving average is $11.44. The stock has a market cap of $776.51 million, a PE ratio of -4.96 and a beta of 1.74. Sky Harbour Group Co. has a twelve month low of $8.26 and a twelve month 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.