Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Down 6.9% - Here's What Happened

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) shares traded down 6.9% during mid-day trading on Tuesday . The stock traded as low as $12.14 and last traded at $12.12. 90,753 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 87,567 shares. The stock had previously closed at $13.01.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Sky Harbour Group to a "strong-buy" rating in a research note on Tuesday, January 7th.

Sky Harbour Group Stock Performance

The business's fifty day simple moving average is $11.31. The stock has a market cap of $899.00 million, a P/E ratio of -5.74 and a beta of 1.74.

Institutional Trading of Sky Harbour Group

Hedge funds have recently bought and sold shares of the business. Lawson Kroeker Investment Management Inc. NE grew its stake in shares of Sky Harbour Group by 121.8% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company's stock valued at $4,471,000 after buying an additional 205,788 shares during the period. Tocqueville Asset Management L.P. acquired a new position in Sky Harbour Group in the fourth quarter valued at approximately $578,000. Centerpoint Advisors LLC purchased a new position in Sky Harbour Group in the fourth quarter worth approximately $1,390,000. Meixler Investment Management Ltd. increased its stake in Sky Harbour Group by 60.1% during the fourth quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company's stock worth $1,884,000 after acquiring an additional 59,284 shares during the last quarter. Finally, State Street Corp raised its position in Sky Harbour Group by 1.1% in 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 period. Institutional investors and hedge funds own 14.75% of the company's stock.

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.