Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Up 5.9% – Time to Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) rose 5.9% on Wednesday . The stock traded as high as $13.75 and last traded at $13.75. Approximately 13,659 shares changed hands during trading, a decline of 77% from the average daily volume of 58,326 shares. The stock had previously closed at $12.98.

Analyst Ratings Changes

SKYH has been the subject of several research analyst reports. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Maxim Group lifted their target price on Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, 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 price objective for the company.

Sky Harbour Group Stock Performance

Insider Activity

In related news, Director Alexander Buffett Rozek acquired 52,632 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $9.50 per share, for a total transaction of $500,004.00. Following the purchase, the director now directly owns 52,632 shares in the company, valued at approximately $500,004. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 45.18% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC acquired a new stake in Sky Harbour Group during the 3rd quarter worth approximately $79,000. Apis Capital Advisors LLC bought a new position in Sky Harbour Group during the 2nd quarter worth $92,000. Rhumbline Advisers bought a new stake in shares of Sky Harbour Group in the second quarter valued at about $103,000. Barclays PLC grew 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 acquiring an additional 12,490 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Sky Harbour Group during the second quarter worth about $271,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.