Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Up 5.7% – Should You Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price rose 5.7% during trading on Tuesday . The stock traded as high as $12.85 and last traded at $12.66. Approximately 40,763 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 77,426 shares. The stock had previously closed at $11.98.

Analyst Upgrades and Downgrades

Separately, B. Riley raised Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, January 7th.

Sky Harbour Group Stock Performance

The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.41 and a beta of 1.74. The company has a 50 day moving average of $11.06.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently modified their holdings of the business. Lawson Kroeker Investment Management Inc. NE raised its position in Sky Harbour Group by 121.8% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company’s stock worth $4,471,000 after acquiring an additional 205,788 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in Sky Harbour Group in the 4th quarter worth about $578,000. Centerpoint Advisors LLC purchased a new stake in Sky Harbour Group during the 4th quarter worth approximately $1,390,000. Meixler Investment Management Ltd. raised its holdings in shares of Sky Harbour Group by 60.1% during the fourth quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company’s stock valued at $1,884,000 after acquiring an additional 59,284 shares during the last quarter. Finally, State Street Corp lifted its position in shares of 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 acquiring an additional 1,406 shares in the last quarter. Hedge funds and other 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.