Sky Harbour Group Co. $SKYH Shares Sold by Centerpoint Advisors LLC

Centerpoint Advisors LLC lessened its stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 27.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after selling 75,000 shares during the period. Sky Harbour Group comprises 0.6% of Centerpoint Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Centerpoint Advisors LLC’s holdings in Sky Harbour Group were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock valued at $114,000 after buying an additional 4,721 shares during the period. Intech Investment Management LLC purchased a new stake in Sky Harbour Group in the 2nd quarter worth approximately $128,000. Metis Global Partners LLC raised its holdings in shares of Sky Harbour Group by 33.7% during the second quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock worth $149,000 after acquiring an additional 3,853 shares in the last quarter. Heritage Investors Management Corp purchased a new stake in shares of Sky Harbour Group during the 2nd quarter worth about $301,000. Finally, Rhumbline Advisers lifted its holdings in shares of Sky Harbour Group by 185.5% during the 2nd quarter. Rhumbline Advisers now owns 33,409 shares of the company’s stock valued at $326,000 after buying an additional 21,708 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN SKYH opened at $8.88 on Tuesday. Sky Harbour Group Co. has a 52-week low of $8.22 and a 52-week high of $14.20. The business has a fifty day moving average of $9.23 and a two-hundred day moving average of $9.71. The stock has a market cap of $671.42 million, a PE ratio of -4.29 and a beta of 1.74.

Analysts Set New Price Targets

SKYH has been the topic of several recent research reports. B. Riley Financial upgraded Sky Harbour Group to a “strong-buy” rating in a report on Thursday, October 16th. BTIG Research reiterated a “buy” rating and issued a $13.00 price objective on shares of Sky Harbour Group in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Sky Harbour Group currently has an average rating of “Buy” and a consensus price target of $13.83.

About Sky Harbour Group

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.