Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up – Here’s Why

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) 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 trading hands.

Analyst Ratings Changes

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

Sky Harbour Group Trading Up 6.4 %

The stock has a market cap of $1.04 billion, a P/E ratio of -6.62 and a beta of 1.74. The company’s fifty day moving average price is $11.20.

Institutional Trading of Sky Harbour Group

A number of institutional investors and hedge funds have recently modified their holdings of SKYH. BNP Paribas Financial Markets bought a new position in Sky Harbour Group during the fourth quarter valued at about $26,000. Wells Fargo & Company MN grew its position in shares of Sky Harbour Group by 40.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock valued at $75,000 after acquiring an additional 1,807 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the 3rd quarter worth approximately $79,000. Fullcircle Wealth LLC bought a new stake in shares of Sky Harbour Group in the 4th quarter worth approximately $131,000. Finally, Deutsche Bank AG lifted its stake in Sky Harbour Group by 5,014.9% in the fourth quarter. Deutsche Bank AG now owns 13,350 shares of the company’s stock valued at $159,000 after purchasing an additional 13,089 shares during the last quarter. 14.75% of the stock is owned by hedge funds and other 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.