Sky Harbour Group (NYSEAMERICAN:SKYH) Trading 5.7% Higher – Here’s Why

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price was up 5.7% during trading on Tuesday . The company traded as high as $12.85 and last traded at $12.66. Approximately 40,763 shares changed hands during trading, a decline of 47% from the average daily volume of 77,426 shares. The stock had previously closed at $11.98.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, January 7th.

Sky Harbour Group Trading Up 1.0 %

The stock has a 50 day moving average price of $11.11. The firm has a market cap of $985.95 million, a PE ratio of -6.30 and a beta of 1.74.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently added to or reduced their stakes in the stock. AYAL Capital Advisors Ltd bought a new stake in shares of Sky Harbour Group during the fourth quarter valued at approximately $5,992,000. Lawson Kroeker Investment Management Inc. NE increased its position in Sky Harbour Group by 121.8% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company’s stock valued at $4,471,000 after acquiring an additional 205,788 shares during the period. Centerpoint Advisors LLC bought a new stake in Sky Harbour Group during the 4th quarter valued at $1,390,000. Renaissance Technologies LLC boosted its position in Sky Harbour Group by 437.2% during the 4th quarter. Renaissance Technologies LLC now owns 79,500 shares of the company’s stock worth $948,000 after acquiring an additional 64,700 shares during the period. Finally, Meixler Investment Management Ltd. grew its stake in shares of Sky Harbour Group by 60.1% in the fourth quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company’s stock worth $1,884,000 after purchasing an additional 59,284 shares in the last quarter. 14.75% of the stock is owned by institutional investors and hedge funds.

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.