Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Up 4.5% – Should You Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price rose 4.5% on Tuesday . The company traded as high as $9.31 and last traded at $9.31. Approximately 274,702 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 117,268 shares. The stock had previously closed at $8.91.

Analyst Ratings Changes

Separately, BTIG Research reissued a “buy” rating and set a $13.00 price objective on shares of Sky Harbour Group in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $13.83.

Sky Harbour Group Trading Up 4.5%

The firm has a market capitalization of $703.93 million, a price-to-earnings ratio of -4.50 and a beta of 1.74. The firm has a fifty day moving average price of $9.10 and a 200 day moving average price of $9.57.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of Sky Harbour Group by 145.6% in the third quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock valued at $49,000 after buying an additional 2,971 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Sky Harbour Group during the 4th quarter worth about $83,000. Quadrant Capital Group LLC acquired a new position in Sky Harbour Group during the 3rd quarter worth about $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after acquiring an additional 4,721 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Sky Harbour Group in the 2nd quarter valued at about $128,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

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.