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

Alliance Global Partners started coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a report published on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $14.50 price objective on the stock.

Separately, B. Riley raised Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.

Sky Harbour Group Stock Down 1.3 %

Shares of SKYH opened at $10.95 on Friday. The business has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $11.41. Sky Harbour Group has a 52 week low of $8.26 and a 52 week high of $14.52. The stock has a market cap of $827.93 million, a price-to-earnings ratio of -5.29 and a beta of 1.74.

Hedge Funds Weigh In On Sky Harbour Group

Several hedge funds have recently added to or reduced their stakes in SKYH. BNP Paribas Financial Markets purchased a new stake in Sky Harbour Group in the fourth quarter worth $26,000. Wells Fargo & Company MN increased its stake in Sky Harbour Group by 40.2% in the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock worth $75,000 after buying an additional 1,807 shares during the period. Fullcircle Wealth LLC bought a new stake in Sky Harbour Group during the 4th quarter valued at about $131,000. Deutsche Bank AG boosted its position in Sky Harbour Group by 5,014.9% in the 4th quarter. Deutsche Bank AG now owns 13,350 shares of the company’s stock valued at $159,000 after buying an additional 13,089 shares during the period. Finally, Barclays PLC grew its stake in Sky Harbour Group by 326.5% in the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after acquiring an additional 12,490 shares in the last quarter. 14.75% of the stock is currently owned by 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.