Sky Harbour Group (NYSEAMERICAN:SKYH) Rating Increased to Strong-Buy at B. Riley

B. Riley upgraded shares of Sky Harbour Group (NYSEAMERICAN:SKYH) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Maxim Group raised their target price on shares of Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Northland Securities began coverage on 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. Finally, Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN:SKYH opened at $11.10 on Tuesday. The company has a market cap of $792.98 million, a PE ratio of -5.36 and a beta of 1.80. Sky Harbour Group has a 12 month low of $8.26 and a 12 month high of $14.52.

Insider Activity at Sky Harbour Group

In other Sky Harbour Group news, Director Alexander Buffett Rozek bought 152,486 shares of the 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 completion of the purchase, the director now directly owns 323,613 shares of the company’s stock, valued at approximately $3,074,323.50. The trade was a 89.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 45.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Sky Harbour Group

Several hedge funds and other institutional investors have recently bought and sold shares of SKYH. Barclays PLC lifted its holdings in Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock worth $181,000 after buying an additional 12,490 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sky Harbour Group by 2.8% during the third quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock valued at $2,777,000 after acquiring an additional 6,887 shares during the period. State Street Corp grew its position in 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. MetLife Investment Management LLC bought a new position in Sky Harbour Group in the 3rd quarter worth approximately $79,000. Finally, Meixler Investment Management Ltd. grew its stake in shares of Sky Harbour Group by 82.5% in the third 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 in the last quarter. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

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.