Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 2%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price was down 2% during mid-day trading on Thursday . The company traded as low as $12.98 and last traded at $12.98. Approximately 4,836 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 22,561 shares. The stock had previously closed at $13.25.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on Sky Harbour Group in a research report on Thursday, January 18th. They issued a “buy” rating and a $15.00 price objective for the company.

Sky Harbour Group Stock Down 3.6 %

The stock has a market capitalization of $816.00 million, a P/E ratio of -29.41 and a beta of 1.76.

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKYH. Vanguard Group Inc. lifted its stake in shares of Sky Harbour Group by 51.4% in the 3rd quarter. Vanguard Group Inc. now owns 15,192 shares of the company’s stock valued at $68,000 after purchasing an additional 5,155 shares during the last quarter. Caprock Group LLC acquired a new position in Sky Harbour Group during the 4th quarter worth about $126,000. Northern Trust Corp acquired a new position in Sky Harbour Group during the 4th quarter worth about $148,000. Finally, Meixler Investment Management Ltd. lifted its stake in Sky Harbour Group by 88.1% during the 3rd quarter. Meixler Investment Management Ltd. now owns 57,125 shares of the company’s stock worth $256,000 after acquiring an additional 26,748 shares in the last quarter. Institutional investors and hedge funds 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 was incorporated in 2017 and is based in White Plains, New York.