Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Unusually-High Trading Volume – Here’s What Happened

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares saw strong trading volume on Friday . 103,898 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 74,507 shares.The stock last traded at $11.94 and had previously closed at $11.70.

Analysts Set New Price Targets

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

Sky Harbour Group Stock Up 3.2 %

The firm has a market capitalization of $912.61 million, a PE ratio of -5.83 and a beta of 1.74. The business has a fifty day moving average of $11.05.

Institutional Investors Weigh In On Sky Harbour Group

Institutional investors have recently modified their holdings of the company. Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of 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 purchasing an additional 205,788 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in shares of Sky Harbour Group in the 4th quarter valued at $1,390,000. Meixler Investment Management Ltd. lifted its position in shares of Sky Harbour Group by 60.1% during the 4th quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company’s stock valued at $1,884,000 after acquiring an additional 59,284 shares during the period. State Street Corp lifted its position in shares of Sky Harbour Group by 1.1% during the 3rd quarter. State Street Corp now owns 125,483 shares of the company’s stock valued at $1,385,000 after acquiring an additional 1,406 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Sky Harbour Group by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock valued at $2,777,000 after acquiring an additional 6,887 shares during the period. 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.