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

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) gapped up before the market opened on Friday . The stock had previously closed at $11.36, but opened at $11.90. Sky Harbour Group shares last traded at $11.60, with a volume of 13,345 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SKYH shares. Northland Securities began coverage on Sky Harbour Group in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 target price for the company. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Maxim Group boosted their target price on shares of Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

Sky Harbour Group Stock Up 3.9 %

The firm has a market capitalization of $842.99 million, a P/E ratio of -5.70 and a beta of 1.80.

Insider Buying and Selling

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

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors and hedge funds have recently made changes to their positions in SKYH. Meixler Investment Management Ltd. grew its stake in Sky Harbour Group by 82.5% in the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after acquiring an additional 44,596 shares during the period. Rhumbline Advisers bought a new stake in Sky Harbour Group during the 2nd quarter valued at $103,000. State Street Corp raised its holdings in Sky Harbour Group by 1.1% during the third quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after buying an additional 1,406 shares during the last quarter. Apis Capital Advisors LLC bought a new position in shares of Sky Harbour Group in the second quarter valued at $92,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Sky Harbour Group during the third quarter valued at about $79,000. 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.