Sky Harbour Group (NYSEAMERICAN:SKYH) Raised to “Strong-Buy” at B. Riley

Sky Harbour Group (NYSEAMERICAN:SKYH) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

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

Sky Harbour Group Price Performance

Sky Harbour Group stock opened at $11.10 on Tuesday. Sky Harbour Group has a twelve month low of $8.26 and a twelve month high of $14.52. The company has a market cap of $792.98 million, a price-to-earnings ratio of -5.36 and a beta of 1.80.

Insider Activity

In related news, Director Alexander Buffett Rozek acquired 152,486 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $1,448,617.00. Following the purchase, the director now directly owns 323,613 shares in the company, valued at $3,074,323.50. This 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 this link. Company insiders own 45.18% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC acquired a new position in Sky Harbour Group in the third quarter worth approximately $79,000. Apis Capital Advisors LLC acquired a new position in shares of Sky Harbour Group in the 2nd quarter worth $92,000. Rhumbline Advisers acquired a new stake in shares of Sky Harbour Group during the second quarter worth $103,000. Barclays PLC lifted its holdings 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 valued at $181,000 after purchasing an additional 12,490 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group in the 2nd quarter valued at $271,000. Institutional investors own 14.75% of the company’s stock.

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.