Maxim Group Forecasts Strong Price Appreciation for Sky Harbour Group (NYSEAMERICAN:SKYH) Stock

Sky Harbour Group (NYSEAMERICAN:SKYH) had its target price increased by Maxim Group from $17.00 to $25.00 in a report released on Wednesday morning, MarketBeat.com reports. Maxim Group currently has a buy rating on the stock.

SKYH has been the subject of several other reports. Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Northland Securities initiated coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price target on the stock.

Sky Harbour Group Price Performance

Shares of SKYH stock opened at $11.32 on Wednesday. Sky Harbour Group has a one year low of $7.75 and a one year high of $13.60. The stock has a market capitalization of $808.70 million, a PE ratio of -5.47 and a beta of 1.84.

Insider Buying and Selling at Sky Harbour Group

In other news, Director Alexander Buffett Rozek bought 52,632 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $9.50 per share, for a total transaction of $500,004.00. Following the completion of the purchase, the director now owns 52,632 shares in the company, valued at approximately $500,004. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 45.18% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

Several institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC acquired a new position in Sky Harbour Group in the third quarter valued at about $79,000. Apis Capital Advisors LLC bought a new stake in shares of Sky Harbour Group during the second quarter worth $92,000. Rhumbline Advisers bought a new position in Sky Harbour Group in the second quarter valued at about $103,000. Barclays PLC boosted its position in Sky Harbour Group by 326.5% during the 3rd 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 period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group during the second quarter worth $271,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.