JPMorgan Chase & Co. Sells 45,140 Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

JPMorgan Chase & Co. decreased its position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 70.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,866 shares of the company's stock after selling 45,140 shares during the quarter. JPMorgan Chase & Co.'s holdings in Sky Harbour Group were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. X Square Capital LLC acquired a new position in shares of Sky Harbour Group in the 3rd quarter valued at about $331,000. Meixler Investment Management Ltd. boosted its stake in Sky Harbour Group by 82.5% in the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company's stock valued at $1,089,000 after acquiring an additional 44,596 shares during the period. MetLife Investment Management LLC bought a new position in shares of Sky Harbour Group during the third quarter valued at approximately $79,000. State Street Corp grew 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 valued at $1,385,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company's stock worth $181,000 after purchasing an additional 12,490 shares during the period. 14.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SKYH. Maxim Group raised their price target on shares of Sky Harbour Group from $17.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. B. Riley raised Sky Harbour Group to a "strong-buy" rating in a report on Tuesday, January 7th.

Insider Transactions at Sky Harbour Group

In other news, Director Alexander Buffett Rozek bought 152,486 shares of the business's stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $9.50 per share, with a total value of $1,448,617.00. Following the transaction, the director now directly owns 323,613 shares in the company, valued at approximately $3,074,323.50. The trade was a 89.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 45.18% of the stock is currently owned by corporate insiders.

Sky Harbour Group Stock Performance

SKYH traded up $0.25 during midday trading on Tuesday, hitting $10.83. 49,963 shares of the company's stock traded hands, compared to its average volume of 81,216. The firm has a market cap of $818.86 million, a PE ratio of -5.23 and a beta of 1.74. Sky Harbour Group Co. has a one year low of $8.26 and a one year high of $14.52.

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.