Sky Harbour Group (NYSEAMERICAN:SKYH) Sets New 1-Year Low – Time to Sell?

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) hit a new 52-week low during trading on Monday . The company traded as low as $9.21 and last traded at $9.41, with a volume of 48834 shares traded. The stock had previously closed at $9.57.

Analyst Ratings Changes

Several equities analysts recently commented on SKYH shares. BTIG Research reissued a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a report on Thursday. B. Riley raised Sky Harbour Group to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Zacks Research lowered Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sky Harbour Group presently has an average rating of “Buy” and a consensus target price of $16.63.

Sky Harbour Group Stock Down 6.4%

The firm has a 50-day simple moving average of $10.01 and a 200 day simple moving average of $10.26. The company has a market cap of $677.09 million, a price-to-earnings ratio of -4.33 and a beta of 1.74.

Institutional Investors Weigh In On Sky Harbour Group

A number of institutional investors and hedge funds have recently made changes to their positions in SKYH. Centerpoint Advisors LLC grew its holdings in shares of Sky Harbour Group by 50.2% during the first quarter. Centerpoint Advisors LLC now owns 175,000 shares of the company’s stock worth $2,277,000 after buying an additional 58,500 shares during the last quarter. Meixler Investment Management Ltd. lifted its position in Sky Harbour Group by 19.7% during the 2nd quarter. Meixler Investment Management Ltd. now owns 263,995 shares of the company’s stock worth $2,579,000 after acquiring an additional 43,377 shares during the period. Heritage Investors Management Corp purchased a new position in shares of Sky Harbour Group in the 2nd quarter valued at approximately $301,000. Tocqueville Asset Management L.P. increased its holdings in shares of Sky Harbour Group by 145.4% in the first quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock valued at $1,547,000 after purchasing an additional 70,454 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Sky Harbour Group in the first quarter valued at approximately $269,000. 14.75% of the stock is 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.