Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up – Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price gapped up prior to trading on Friday . The stock had previously closed at $12.87, but opened at $13.40. Sky Harbour Group shares last traded at $13.39, with a volume of 26,343 shares changing hands.

Analysts Set New Price Targets

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

Sky Harbour Group Stock Up 3.2 %

The firm’s 50 day moving average is $11.15. The company has a market cap of $1.00 billion, a P/E ratio of -6.40 and a beta of 1.74.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in Sky Harbour Group in the fourth quarter worth $26,000. Wells Fargo & Company MN raised its holdings in shares of Sky Harbour Group by 40.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock valued at $75,000 after buying an additional 1,807 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Sky Harbour Group during the 3rd quarter worth about $79,000. Fullcircle Wealth LLC bought a new stake in Sky Harbour Group during the 4th quarter worth about $131,000. Finally, Deutsche Bank AG increased its position in Sky Harbour Group by 5,014.9% in the 4th quarter. Deutsche Bank AG now owns 13,350 shares of the company’s stock valued at $159,000 after acquiring an additional 13,089 shares in the last quarter. 14.75% of the stock is owned by institutional investors.

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.