Sky Harbour Group (NYSEAMERICAN:SKYH) Earns Buy Rating from Analysts at Lake Street Capital

Lake Street Capital began coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.

Separately, Alliance Global Partners assumed coverage on Sky Harbour Group in a report on Friday, April 25th. They issued a “buy” rating and a $14.50 price target for the company. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Sky Harbour Group has an average rating of “Buy” and an average price target of $17.38.

Sky Harbour Group Price Performance

Shares of Sky Harbour Group stock opened at $10.31 on Monday. The business has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $11.40. Sky Harbour Group has a 12 month low of $8.26 and a 12 month high of $14.52. The stock has a market capitalization of $779.54 million, a P/E ratio of -4.98 and a beta of 1.74.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new position in shares of Sky Harbour Group during the fourth quarter worth $26,000. Wells Fargo & Company MN boosted 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 during the period. Fullcircle Wealth LLC purchased a new position in shares of Sky Harbour Group during the fourth quarter worth $131,000. Deutsche Bank AG boosted its position in shares of Sky Harbour Group by 5,014.9% during the fourth quarter. Deutsche Bank AG now owns 13,350 shares of the company’s stock worth $159,000 after buying an additional 13,089 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Sky Harbour Group during the fourth quarter worth $185,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

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.