Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Rating Upgraded by B. Riley

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

Several other brokerages also recently commented on SKYH. Maxim Group upped 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 shares of Sky Harbour Group in a research note on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Sky Harbour Group Price Performance

Shares of Sky Harbour Group stock opened at $11.10 on Tuesday. Sky Harbour Group has a 12-month low of $8.26 and a 12-month high of $14.52. The stock has a market cap 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 Sky Harbour Group stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of $9.50 per share, with a total value of $1,448,617.00. Following the completion of the purchase, the director now directly owns 323,613 shares in the company, valued at $3,074,323.50. The trade was a 89.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 45.18% of the company’s stock.

Institutional Trading of Sky Harbour Group

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp lifted 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 valued at $1,385,000 after acquiring an additional 1,406 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sky Harbour Group by 2.8% in the 3rd 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 last quarter. MetLife Investment Management LLC bought a new stake in shares of Sky Harbour Group in the 3rd quarter worth about $79,000. Apis Capital Advisors LLC bought a new position in Sky Harbour Group in the 2nd quarter valued at $92,000. Finally, Rhumbline Advisers purchased a new stake in shares of Sky Harbour Group in the second quarter valued at approximately $103,000. Hedge funds and other 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.