Sky Harbour Group (NYSEAMERICAN:SKYH) Coverage Initiated at Lake Street Capital

Lake Street Capital assumed coverage on shares of Sky Harbour Group (NYSEAMERICAN:SKYH) in a report published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

Separately, Alliance Global Partners began coverage on Sky Harbour Group in a research report on Friday, April 25th. They issued a “buy” rating and a $14.50 target price for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $17.38.

Sky Harbour Group Trading Down 1.6%

Shares of Sky Harbour Group stock opened at $9.92 on Monday. Sky Harbour Group has a 12-month low of $8.26 and a 12-month high of $14.52. The company has a market cap of $750.05 million, a P/E ratio of -4.79 and a beta of 1.74. The company’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.39.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently made changes to their positions in the company. AYAL Capital Advisors Ltd purchased a new position in shares of Sky Harbour Group during the 4th quarter valued at about $5,992,000. Centerpoint Advisors LLC bought a new position in Sky Harbour Group in the 4th quarter worth $1,390,000. Tocqueville Asset Management L.P. increased its stake in Sky Harbour Group by 145.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock worth $1,547,000 after buying an additional 70,454 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Sky Harbour Group by 437.2% during the fourth quarter. Renaissance Technologies LLC now owns 79,500 shares of the company’s stock valued at $948,000 after acquiring an additional 64,700 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE lifted its position in shares of Sky Harbour Group by 16.8% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 437,849 shares of the company’s stock valued at $5,696,000 after acquiring an additional 63,068 shares in the last quarter. 14.75% of the stock is currently owned by institutional investors.

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.