Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Down – Here’s What Happened

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.57, but opened at $9.00. Sky Harbour Group shares last traded at $8.9360, with a volume of 4,402 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SKYH shares. Zacks Research lowered shares of Sky Harbour Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. B. Riley raised Sky Harbour Group to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $13.00 price target 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, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $13.83.

Sky Harbour Group Trading Down 4.0%

The firm has a market cap of $636.64 million, a P/E ratio of -4.07 and a beta of 1.74. The company’s 50-day moving average is $9.94 and its two-hundred day moving average is $10.22.

Institutional Investors Weigh In On Sky Harbour Group

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of Sky Harbour Group by 173.7% in the 2nd quarter. Bank of America Corp DE now owns 702,494 shares of the company’s stock worth $6,863,000 after acquiring an additional 445,828 shares in the last quarter. Geode Capital Management LLC grew its position in Sky Harbour Group by 32.1% in the 2nd quarter. Geode Capital Management LLC now owns 465,415 shares of the company’s stock worth $4,548,000 after purchasing an additional 112,994 shares in the last quarter. Centerpoint Advisors LLC increased its stake in Sky Harbour Group by 57.1% in the 2nd quarter. Centerpoint Advisors LLC now owns 275,000 shares of the company’s stock valued at $2,687,000 after buying an additional 100,000 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in Sky Harbour Group by 145.4% in the 1st quarter. Tocqueville Asset Management L.P. now owns 118,900 shares of the company’s stock valued at $1,547,000 after buying an additional 70,454 shares during the last quarter. Finally, Security National Bank lifted its position in shares of Sky Harbour Group by 5,377.7% during the 3rd quarter. Security National Bank now owns 52,038 shares of the company’s stock worth $514,000 after buying an additional 51,088 shares in the last quarter. Institutional investors own 14.75% of the company’s stock.

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.