Sky Harbour Group (NYSEAMERICAN:SKYH) Trading 5.7% Higher – Here’s What Happened

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) were up 5.7% during trading on Tuesday . The stock traded as high as $12.85 and last traded at $12.66. Approximately 40,763 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 77,426 shares. The stock had previously closed at $11.98.

Analyst Ratings Changes

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

Sky Harbour Group Price Performance

The company has a market capitalization of $1.00 billion, a PE ratio of -6.41 and a beta of 1.74. The company has a 50-day simple moving average of $11.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Sky Harbour Group during the 4th quarter worth about $26,000. Wells Fargo & Company MN lifted its holdings in shares of Sky Harbour Group by 40.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,300 shares of the company’s stock worth $75,000 after purchasing an additional 1,807 shares during the period. MetLife Investment Management LLC purchased a new stake in Sky Harbour Group in the third quarter valued at approximately $79,000. Fullcircle Wealth LLC purchased a new stake in Sky Harbour Group in the fourth quarter valued at approximately $131,000. Finally, Deutsche Bank AG increased its holdings 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 worth $159,000 after buying an additional 13,089 shares during the period. 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.