Centerpoint Advisors LLC Trims Stock Holdings in Sky Harbour Group Co. $SKYH

Centerpoint Advisors LLC lessened its stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 27.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the company’s stock after selling 75,000 shares during the period. Sky Harbour Group comprises approximately 0.6% of Centerpoint Advisors LLC’s portfolio, making the stock its 23rd largest position. Centerpoint Advisors LLC owned 0.26% of Sky Harbour Group worth $1,974,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SKYH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sky Harbour Group by 68.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after purchasing an additional 4,721 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Sky Harbour Group in the 2nd quarter valued at about $128,000. Metis Global Partners LLC boosted its holdings in shares of Sky Harbour Group by 33.7% in the second quarter. Metis Global Partners LLC now owns 15,301 shares of the company’s stock valued at $149,000 after acquiring an additional 3,853 shares during the period. Heritage Investors Management Corp acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $301,000. Finally, Rhumbline Advisers increased its stake in Sky Harbour Group by 185.5% in the second quarter. Rhumbline Advisers now owns 33,409 shares of the company’s stock valued at $326,000 after purchasing an additional 21,708 shares during the period. 14.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on SKYH. BTIG Research restated a “buy” rating and set a $13.00 price objective on shares of Sky Harbour Group in a research report on Thursday, November 13th. B. Riley Financial raised Sky Harbour Group to a “strong-buy” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $13.83.

Sky Harbour Group Price Performance

Shares of SKYH stock opened at $8.88 on Tuesday. Sky Harbour Group Co. has a 12 month low of $8.22 and a 12 month high of $14.20. The company’s fifty day moving average price is $9.23 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $671.42 million, a P/E ratio of -4.29 and a beta of 1.74.

About Sky Harbour Group

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.