Sky Harbour Group (NYSEAMERICAN:SKYH) Coverage Initiated by Analysts at Alliance Global Partners

Alliance Global Partners began coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH - Free Report) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $14.50 price objective on the stock.

Separately, B. Riley upgraded Sky Harbour Group to a "strong-buy" rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sky Harbour Group presently has an average rating of "Buy" and a consensus price target of $18.50.

Sky Harbour Group Price Performance

Shares of NYSEAMERICAN SKYH traded down $0.13 during midday trading on Friday, hitting $10.78. 75,245 shares of the company's stock were exchanged, compared to its average volume of 96,994. The firm's fifty day simple moving average is $11.31 and its 200-day simple moving average is $11.41. Sky Harbour Group has a twelve month low of $8.26 and a twelve month high of $14.52. The company has a market cap of $815.08 million, a PE ratio of -5.21 and a beta of 1.74.

Institutional Investors Weigh In On Sky Harbour Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in 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 acquiring an additional 1,406 shares during the period. Barclays PLC boosted its holdings in shares of Sky Harbour Group by 10.2% during the fourth quarter. Barclays PLC now owns 17,973 shares of the company's stock valued at $214,000 after acquiring an additional 1,658 shares during the period. Wells Fargo & Company MN grew 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 acquiring an additional 1,807 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Sky Harbour Group in the 4th quarter valued at about $26,000. Finally, Geode Capital Management LLC boosted its stake in Sky Harbour Group by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company's stock valued at $2,777,000 after purchasing an additional 6,887 shares during the period. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

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.