Centerpoint Advisors LLC Invests $1.39 Million in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Centerpoint Advisors LLC purchased a new stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 116,500 shares of the company's stock, valued at approximately $1,390,000. Sky Harbour Group accounts for 0.5% of Centerpoint Advisors LLC's holdings, making the stock its 25th largest position. Centerpoint Advisors LLC owned about 0.16% of Sky Harbour Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new stake in Sky Harbour Group during the third quarter valued at about $79,000. Barclays PLC boosted its position in Sky Harbour Group by 326.5% during the third quarter. Barclays PLC now owns 16,315 shares of the company's stock valued at $181,000 after buying an additional 12,490 shares during the period. X Square Capital LLC purchased a new stake in Sky Harbour Group during the third quarter valued at about $331,000. Meixler Investment Management Ltd. boosted its position in Sky Harbour Group by 82.5% during the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company's stock valued at $1,089,000 after buying an additional 44,596 shares during the period. Finally, State Street Corp boosted its holdings in shares of 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 purchasing an additional 1,406 shares during the period. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Maxim Group increased their target price on shares of Sky Harbour Group from $17.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. B. Riley raised shares of Sky Harbour Group to a "strong-buy" rating in a research note on Tuesday, January 7th.

Insider Buying and Selling

In other Sky Harbour Group news, Director Alexander Buffett Rozek purchased 152,486 shares of the company's stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of $9.50 per share, for a total transaction of $1,448,617.00. Following the purchase, the director now directly owns 323,613 shares of the company's stock, valued at $3,074,323.50. The trade was a 89.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.18% of the stock is currently owned by corporate insiders.

Sky Harbour Group Stock Down 2.3 %

Shares of SKYH traded down $0.26 on Friday, hitting $10.83. 44,576 shares of the stock traded hands, compared to its average volume of 70,679. Sky Harbour Group Co. has a one year low of $8.26 and a one year high of $14.52. The company has a market capitalization of $818.86 million, a P/E ratio of -5.23 and a beta of 1.74.

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.