Sky Harbour Group (NYSEAMERICAN:SKYH) Reaches New 12-Month Low – Time to Sell?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) reached a new 52-week low during trading on Monday . The company traded as low as $9.21 and last traded at $9.41, with a volume of 48834 shares changing hands. The stock had previously closed at $9.57.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SKYH. Zacks Research lowered Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. B. Riley upgraded shares of Sky Harbour Group to a “strong-buy” rating in a report on Thursday, October 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $13.00 target price on shares of Sky Harbour Group in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Sky Harbour Group has an average rating of “Buy” and an average price target of $16.63.

Sky Harbour Group Trading Down 1.5%

The firm’s 50 day moving average price is $9.97 and its two-hundred day moving average price is $10.23. The company has a market capitalization of $664.23 million, a P/E ratio of -4.24 and a beta of 1.74.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of Sky Harbour Group by 145.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,012 shares of the company’s stock worth $49,000 after purchasing an additional 2,971 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Sky Harbour Group during the third quarter worth $99,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sky Harbour Group by 68.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,639 shares of the company’s stock worth $114,000 after acquiring an additional 4,721 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Sky Harbour Group in the second quarter valued at $128,000. Finally, Metis Global Partners LLC grew its position in shares of Sky Harbour Group by 33.7% in the 2nd 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. 14.75% of the stock is currently 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.