Sky Harbour Group (NYSEAMERICAN:SKYH) Upgraded at B. Riley

B. Riley upgraded shares of Sky Harbour Group (NYSEAMERICAN:SKYH) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Maxim Group lifted their price objective on Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Northland Securities started 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.

Sky Harbour Group Stock Performance

Shares of SKYH stock opened at $11.10 on Tuesday. The company has a market cap of $792.98 million, a P/E ratio of -5.36 and a beta of 1.80. Sky Harbour Group has a 52-week low of $8.26 and a 52-week high of $14.52.

Insider Activity

In other news, Director Alexander Buffett Rozek bought 152,486 shares of the business’s stock in a transaction on 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 directly owns 323,613 shares in the company, 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 is available at this hyperlink. Corporate insiders own 45.18% of the company’s stock.

Institutional Investors Weigh In On Sky Harbour Group

A number of hedge funds have recently added to or reduced their stakes in SKYH. Geode Capital Management LLC grew its holdings in Sky Harbour Group by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after acquiring an additional 6,887 shares in the last quarter. State Street Corp grew its holdings in shares of 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. Meixler Investment Management Ltd. increased its position in Sky Harbour Group by 82.5% during the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock worth $1,089,000 after buying an additional 44,596 shares during the period. X Square Capital LLC acquired a new position in shares of Sky Harbour Group in the 3rd quarter valued at $331,000. Finally, Bank of New York Mellon Corp acquired a new position in Sky Harbour Group in the second quarter valued at $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.