Sky Harbour Group (NYSEAMERICAN:SKYH) Research Coverage Started 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 reports. The firm issued a buy rating and a $14.00 target price on the stock.

Separately, Alliance Global Partners initiated coverage on Sky Harbour Group in a research report on Friday, April 25th. They issued a “buy” rating and a $14.50 price objective for the company. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $17.38.

Sky Harbour Group Trading Down 1.6%

Shares of SKYH stock opened at $9.92 on Monday. The business’s 50-day moving average price is $10.99 and its 200-day moving average price is $11.39. The firm has a market capitalization of $750.05 million, a price-to-earnings ratio of -4.79 and a beta of 1.74. Sky Harbour Group has a 12 month low of $8.26 and a 12 month high of $14.52.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in Sky Harbour Group during the fourth quarter worth about $26,000. Wells Fargo & Company MN increased 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 worth $75,000 after purchasing an additional 1,807 shares during the period. Fullcircle Wealth LLC purchased a new stake in shares of Sky Harbour Group during the fourth quarter valued at approximately $131,000. Deutsche Bank AG grew its holdings in shares of Sky Harbour Group by 5,014.9% in the fourth quarter. Deutsche Bank AG now owns 13,350 shares of the company’s stock worth $159,000 after purchasing an additional 13,089 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Sky Harbour Group in the fourth quarter worth $185,000. Institutional investors 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.