Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 2%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price traded down 2% on Thursday . The company traded as low as $12.98 and last traded at $12.98. 4,836 shares were traded during mid-day trading, a decline of 79% from the average session volume of 22,561 shares. The stock had previously closed at $13.25.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Sky Harbour Group in a research report on Thursday, January 18th. They issued a “buy” rating and a $15.00 target price for the company.

Sky Harbour Group Stock Performance

The stock has a market cap of $816.00 million, a P/E ratio of -29.41 and a beta of 1.76.

Institutional Trading of Sky Harbour Group

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Sky Harbour Group by 935.8% in the 4th quarter. Vanguard Group Inc. now owns 157,362 shares of the company’s stock worth $1,520,000 after purchasing an additional 142,170 shares in the last quarter. Northern Trust Corp acquired a new stake in Sky Harbour Group in the 4th quarter worth about $148,000. Caprock Group LLC acquired a new stake in Sky Harbour Group in the 4th quarter worth about $126,000. Finally, Meixler Investment Management Ltd. raised its stake in Sky Harbour Group by 88.1% in the 3rd quarter. Meixler Investment Management Ltd. now owns 57,125 shares of the company’s stock worth $256,000 after purchasing an additional 26,748 shares in the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

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 was incorporated in 2017 and is based in White Plains, New York.