Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Large Volume Increase – Time to Buy?

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw unusually-high trading volume on Tuesday . Approximately 37,905 shares were traded during mid-day trading, a decline of 51% from the previous session’s volume of 78,111 shares.The stock last traded at $11.35 and had previously closed at $11.62.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SKYH shares. Maxim Group increased their target price 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. Northland Securities began coverage on Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Sky Harbour Group Price Performance

The firm has a market capitalization of $792.98 million, a P/E ratio of -5.36 and a beta of 1.80.

Insiders Place Their Bets

In other news, Director Alexander Buffett Rozek bought 152,486 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were acquired 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. This represents a 89.11 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 45.18% of the company’s stock.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC acquired a new stake in Sky Harbour Group during the third quarter worth about $79,000. Apis Capital Advisors LLC acquired a new stake in shares of Sky Harbour Group during the 2nd quarter worth approximately $92,000. Rhumbline Advisers bought a new stake in shares of Sky Harbour Group during the second quarter valued at approximately $103,000. Barclays PLC raised its stake in shares of 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 purchasing an additional 12,490 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Sky Harbour Group in the second quarter worth $271,000. 14.75% of the stock is owned by institutional investors.

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.