Sky Harbour Group (NYSEAMERICAN:SKYH) Rating Increased to Strong-Buy at B. Riley

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Zacks Research cut Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.83.

Sky Harbour Group Price Performance

SKYH stock opened at $9.86 on Thursday. Sky Harbour Group has a 1-year low of $9.28 and a 1-year high of $14.52. The company has a market capitalization of $745.51 million, a price-to-earnings ratio of -4.76 and a beta of 1.74. The business has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $10.48.

Institutional Investors Weigh In On Sky Harbour Group

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Sky Harbour Group by 173.7% in the 2nd quarter. Bank of America Corp DE now owns 702,494 shares of the company’s stock valued at $6,863,000 after purchasing an additional 445,828 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sky Harbour Group by 32.1% in the 2nd quarter. Geode Capital Management LLC now owns 465,415 shares of the company’s stock valued at $4,548,000 after purchasing an additional 112,994 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE lifted its stake in shares of Sky Harbour Group by 3.8% in the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 454,300 shares of the company’s stock valued at $4,439,000 after purchasing an additional 16,451 shares during the last quarter. Centerpoint Advisors LLC lifted its stake in shares of Sky Harbour Group by 57.1% in the 2nd quarter. Centerpoint Advisors LLC now owns 275,000 shares of the company’s stock valued at $2,687,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Sky Harbour Group by 19.7% in the 2nd quarter. Meixler Investment Management Ltd. now owns 263,995 shares of the company’s stock valued at $2,579,000 after purchasing an additional 43,377 shares during the last quarter. 14.75% of the stock is 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.