Sky Harbour Group (NYSEAMERICAN:SKYH) Shares Gap Up – Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s share price gapped up prior to trading on Friday . The stock had previously closed at $11.36, but opened at $11.90. Sky Harbour Group shares last traded at $11.60, with a volume of 13,345 shares trading hands.

Analyst Ratings Changes

SKYH has been the subject of a number of recent research reports. Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Maxim Group increased 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. Finally, 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 objective on the stock.

Sky Harbour Group Price Performance

The company has a market cap of $835.13 million, a PE ratio of -5.65 and a beta of 1.80.

Insider Buying and Selling

In other Sky Harbour Group news, Director Alexander Buffett Rozek bought 152,486 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $9.50 per share, with a total value of $1,448,617.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 45.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sky Harbour Group

Hedge funds have recently modified their holdings of the stock. Meixler Investment Management Ltd. raised its stake in Sky Harbour Group by 82.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after acquiring an additional 44,596 shares during the period. State Street Corp raised its position in shares of 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 during the period. Rhumbline Advisers purchased a new stake in shares of Sky Harbour Group during the 2nd quarter valued at approximately $103,000. MetLife Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the 3rd quarter valued at approximately $79,000. Finally, Apis Capital Advisors LLC bought a new position in Sky Harbour Group in the 2nd quarter worth approximately $92,000. 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.