Sky Harbour Group (NYSEAMERICAN:SKYH) Raised to “Strong-Buy” at B. Riley

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by B. Riley to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on SKYH. Northland Securities assumed coverage on shares of Sky Harbour Group in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 target price for the company. Maxim Group lifted their price objective on shares of Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sky Harbour Group Stock Performance

Sky Harbour Group stock opened at $11.10 on Tuesday. The company has a market capitalization of $792.98 million, a price-to-earnings ratio of -5.36 and a beta of 1.80. Sky Harbour Group has a twelve month low of $8.26 and a twelve month high of $14.52.

Insider Activity

In other Sky Harbour Group news, Director Alexander Buffett Rozek bought 152,486 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $9.50 per share, for a total transaction of $1,448,617.00. Following the completion of the acquisition, the director now owns 323,613 shares of the company’s stock, valued at approximately $3,074,323.50. This trade represents a 89.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 45.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Sky Harbour Group by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after buying an additional 6,887 shares during the period. State Street Corp boosted its stake in Sky Harbour Group by 1.1% during the 3rd quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after acquiring an additional 1,406 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in Sky Harbour Group by 82.5% during the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after purchasing an additional 44,596 shares during the period. X Square Capital LLC bought a new stake in Sky Harbour Group in the third quarter valued at approximately $331,000. Finally, Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the second quarter valued at approximately $271,000. 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.