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

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

A number of other brokerages have also issued reports on SKYH. Northland Securities initiated coverage on Sky Harbour Group in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 target price on the stock. Maxim Group upped their price target on shares of Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Northland Capmk raised shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Sky Harbour Group Stock Performance

Sky Harbour Group 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 one year low of $8.26 and a one year high of $14.52.

Insider Buying and Selling at Sky Harbour Group

In related news, Director Alexander Buffett Rozek purchased 152,486 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of $9.50 per share, with a total value of $1,448,617.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 45.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sky Harbour Group

Institutional investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. increased its stake in shares of Sky Harbour Group by 82.5% in the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock worth $1,089,000 after acquiring an additional 44,596 shares during the last quarter. State Street Corp grew its stake in Sky Harbour Group by 1.1% in the third quarter. State Street Corp now owns 125,483 shares of the company’s stock valued at $1,385,000 after purchasing an additional 1,406 shares in the last quarter. Geode Capital Management LLC increased its position in Sky Harbour Group by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after purchasing an additional 6,887 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Sky Harbour Group during the 2nd quarter worth about $103,000. Finally, Barclays PLC lifted its holdings in shares of Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock valued at $181,000 after buying an additional 12,490 shares during the last quarter. 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.