Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Unusually-High Trading Volume – Should You Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares saw unusually-strong trading volume on Tuesday . Approximately 37,905 shares traded hands during 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.

Analysts Set New Price Targets

SKYH has been the subject of a number of research reports. Northland Securities assumed coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price target for the company. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Maxim Group raised their price target on Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

Sky Harbour Group Stock Performance

The stock has a market capitalization of $792.98 million, a PE ratio of -5.36 and a beta of 1.80.

Insider Activity at Sky Harbour Group

In other Sky Harbour Group news, Director Alexander Buffett Rozek acquired 152,486 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $9.50 per share, for a total transaction of $1,448,617.00. Following the acquisition, the director now directly owns 323,613 shares of the company’s stock, valued at $3,074,323.50. This trade represents a 89.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 45.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Sky Harbour Group

Several large investors have recently added to or reduced their stakes in SKYH. MetLife Investment Management LLC acquired a new stake in shares of Sky Harbour Group during the 3rd quarter worth approximately $79,000. Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the second quarter valued at $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 boosted its position in shares of Sky Harbour Group by 326.5% during the third 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 period. Finally, Bank of New York Mellon Corp bought a new position in Sky Harbour Group in the 2nd quarter worth approximately $271,000. 14.75% of the stock is currently owned by 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.