Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 70.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,866 shares of the company’s stock after selling 45,140 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sky Harbour Group were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new position in shares of Sky Harbour Group in the 3rd quarter valued at about $79,000. Barclays PLC boosted its stake in Sky Harbour Group by 326.5% in the third quarter. Barclays PLC now owns 16,315 shares of the company’s stock valued at $181,000 after acquiring an additional 12,490 shares during the period. X Square Capital LLC bought a new position in shares of Sky Harbour Group during the third quarter valued at approximately $331,000. Meixler Investment Management Ltd. raised its position in shares of Sky Harbour Group by 82.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock worth $1,089,000 after purchasing an additional 44,596 shares during the period. Finally, State Street Corp lifted its holdings in shares of Sky Harbour Group by 1.1% in the 3rd quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after purchasing an additional 1,406 shares during the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Maxim Group increased their price target on Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling

In other Sky Harbour Group news, Director Alexander Buffett Rozek bought 152,486 shares of Sky Harbour Group stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of $9.50 per share, for a total transaction of $1,448,617.00. Following the purchase, the director now owns 323,613 shares of the company’s stock, valued at $3,074,323.50. The trade was a 89.11 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.18% of the stock is currently owned by company insiders.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN:SKYH opened at $10.73 on Friday. The stock has a market cap of $766.55 million, a price-to-earnings ratio of -5.18 and a beta of 1.76. Sky Harbour Group Co. has a 12 month low of $8.26 and a 12 month high of $14.52.

Sky Harbour Group 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.