Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Given Consensus Rating of “Buy” by Analysts

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.38.

Several research firms have recently weighed in on SKYH. Alliance Global Partners initiated coverage on Sky Harbour Group in a research note on Friday, April 25th. They issued a “buy” rating and a $14.50 price target for the company. Lake Street Capital initiated coverage on Sky Harbour Group in a research note on Monday, June 9th. They issued a “buy” rating and a $14.00 price target for the company.

Hedge Funds Weigh In On Sky Harbour Group

Hedge funds have recently made changes to their positions in the business. AYAL Capital Advisors Ltd bought a new position in Sky Harbour Group during the fourth quarter valued at approximately $5,992,000. Tocqueville Asset Management L.P. boosted its stake in Sky Harbour Group by 145.4% during the first quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock valued at $1,547,000 after buying an additional 70,454 shares during the last quarter. Renaissance Technologies LLC boosted its stake in 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. Lawson Kroeker Investment Management Inc. NE boosted its stake in Sky Harbour Group by 16.8% during the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company’s stock valued at $5,696,000 after buying an additional 63,068 shares during the last quarter. Finally, Centerpoint Advisors LLC raised its position in Sky Harbour Group by 50.2% during the first quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company’s stock valued at $2,277,000 after purchasing an additional 58,500 shares during the period. Institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Stock Up 0.9%

NYSEAMERICAN SKYH opened at $9.95 on Friday. Sky Harbour Group has a twelve month low of $8.26 and a twelve month high of $14.52. The firm has a market capitalization of $752.32 million, a PE ratio of -4.81 and a beta of 1.74. The stock’s 50 day moving average is $10.53 and its 200 day moving average is $11.25.

About Sky Harbour Group

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.