Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Down 6.9% – Here’s Why

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares were down 6.9% on Tuesday . The stock traded as low as $12.14 and last traded at $12.12. Approximately 90,753 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 87,567 shares. The stock had previously closed at $13.01.

Analyst Upgrades and Downgrades

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

Sky Harbour Group Price Performance

The company’s 50 day simple moving average is $11.24. The company has a market cap of $916.39 million, a P/E ratio of -5.86 and a beta of 1.74.

Hedge Funds Weigh In On Sky Harbour Group

Several hedge funds have recently bought and sold shares of SKYH. MetLife Investment Management LLC bought a new position in Sky Harbour Group in the 3rd quarter valued at $79,000. State Street Corp boosted its stake in Sky Harbour Group by 1.1% during the third quarter. State Street Corp now owns 125,483 shares of the company’s stock valued at $1,385,000 after buying an additional 1,406 shares during the period. Barclays PLC grew its position in Sky Harbour Group by 326.5% during the third quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after buying an additional 12,490 shares in the last quarter. Geode Capital Management LLC increased its stake in Sky Harbour Group by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after acquiring an additional 6,887 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE raised its holdings in shares of Sky Harbour Group by 121.8% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company’s stock valued at $4,471,000 after acquiring an additional 205,788 shares in the last quarter. Hedge funds and other institutional investors own 14.75% of the company’s stock.

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.