Sky Harbour Group (NYSEAMERICAN:SKYH) Hits New 52-Week High – Should You Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) hit a new 52-week high during trading on Monday . The stock traded as high as $13.61 and last traded at $13.00, with a volume of 49163 shares. The stock had previously closed at $12.76.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SKYH. Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Northland Securities began coverage on Sky Harbour Group in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Maxim Group boosted their price target 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.

Sky Harbour Group Price Performance

Insider Activity at Sky Harbour Group

In other news, Director Alexander Buffett Rozek purchased 52,632 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $9.50 per share, for a total transaction of $500,004.00. Following the completion of the acquisition, the director now owns 52,632 shares in the company, valued at approximately $500,004. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 45.18% of the stock is owned by corporate insiders.

Institutional Trading of Sky Harbour Group

Institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the third quarter valued at approximately $79,000. Apis Capital Advisors LLC purchased a new stake in shares of Sky Harbour Group during the second quarter valued at approximately $92,000. Rhumbline Advisers purchased a new stake in shares of Sky Harbour Group during the second quarter valued at approximately $103,000. Barclays PLC increased its position in Sky Harbour Group by 326.5% in 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 last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Sky Harbour Group in the second quarter worth $271,000. 14.75% of the stock is owned by hedge funds and other institutional investors.

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.