Tocqueville Asset Management L.P. Purchases Shares of 48,446 Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Tocqueville Asset Management L.P. purchased a new stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 48,446 shares of the company’s stock, valued at approximately $578,000. Tocqueville Asset Management L.P. owned approximately 0.06% of Sky Harbour Group at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. MetLife Investment Management LLC acquired a new stake in shares of Sky Harbour Group in the third quarter worth $79,000. Barclays PLC increased its stake in shares of Sky Harbour Group by 326.5% in the third quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after acquiring an additional 12,490 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Sky Harbour Group in the fourth quarter worth $215,000. Charles Schwab Investment Management Inc. increased its stake in shares of Sky Harbour Group by 43.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,070 shares of the company’s stock worth $454,000 after acquiring an additional 11,466 shares during the period. Finally, State Street Corp increased its stake in shares of Sky Harbour Group by 1.1% in the third quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after acquiring an additional 1,406 shares during the period. Institutional investors and hedge funds own 14.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, January 7th. Maxim Group increased their price target on shares of Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

Insider Transactions at Sky Harbour Group

In other news, Director Alexander Buffett Rozek bought 152,486 shares of Sky Harbour Group stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $9.50 per share, with a total value of $1,448,617.00. Following the completion of the purchase, the director now directly owns 323,613 shares of the company’s stock, valued at approximately $3,074,323.50. This trade represents a 89.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 45.18% of the company’s stock.

Sky Harbour Group Trading Up 5.9 %

NYSEAMERICAN:SKYH opened at $11.44 on Thursday. The stock has a 50-day simple moving average of $11.05. The stock has a market capitalization of $864.98 million, a P/E ratio of -5.53 and a beta of 1.74. Sky Harbour Group Co. has a twelve month low of $8.26 and a twelve month high of $14.52.

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.