Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up – What’s Next?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares gapped up prior to trading on Friday . The stock had previously closed at $11.36, but opened at $11.90. Sky Harbour Group shares last traded at $11.60, with a volume of 13,345 shares traded.

Analysts Set New Price Targets

SKYH has been the subject of several research analyst reports. Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Northland Securities assumed coverage on shares of 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, Maxim Group increased their price target 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.

Sky Harbour Group Stock Up 3.9 %

The company has a market cap of $842.99 million, a P/E ratio of -5.70 and a beta of 1.80.

Insiders Place Their Bets

In other news, Director Alexander Buffett Rozek bought 152,486 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $9.50 per share, with a total value of $1,448,617.00. Following the completion of the transaction, the director now 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 45.18% of the company’s stock.

Institutional Investors Weigh In On Sky Harbour Group

Large investors have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. raised its position in shares of Sky Harbour Group by 82.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after buying an additional 44,596 shares in the last quarter. Rhumbline Advisers acquired a new position in Sky Harbour Group during the second quarter valued at approximately $103,000. State Street Corp lifted its stake in Sky Harbour Group by 1.1% during the third 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. Apis Capital Advisors LLC acquired a new stake in shares of Sky Harbour Group in the 2nd quarter valued at $92,000. Finally, MetLife Investment Management LLC bought a new position in shares of Sky Harbour Group in the 3rd quarter valued at $79,000. Institutional investors and hedge funds 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.