Geode Capital Management LLC Purchases 6,887 Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

Geode Capital Management LLC increased its holdings in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 2.8% during the 3rd quarter, Holdings Channel reports. The firm owned 251,465 shares of the company’s stock after buying an additional 6,887 shares during the period. Geode Capital Management LLC’s holdings in Sky Harbour Group were worth $2,777,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SKYH. MetLife Investment Management LLC bought a new stake in shares of Sky Harbour Group during the 3rd quarter valued at about $79,000. Apis Capital Advisors LLC purchased a new stake in Sky Harbour Group in the second quarter worth about $92,000. Rhumbline Advisers bought a new stake in Sky Harbour Group during the 2nd quarter valued at approximately $103,000. Barclays PLC grew 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 worth $181,000 after acquiring an additional 12,490 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Sky Harbour Group in the 2nd quarter worth approximately $271,000. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Sky Harbour Group Price Performance

SKYH opened at $11.10 on Wednesday. The company has a market capitalization of $792.98 million, a price-to-earnings ratio of -5.36 and a beta of 1.80. Sky Harbour Group Co. has a 1-year low of $8.26 and a 1-year high of $14.52.

Insider Buying and Selling at Sky Harbour Group

In other Sky Harbour Group news, Director Alexander Buffett Rozek acquired 52,632 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $9.50 per share, with a total value of $500,004.00. Following the purchase, the director now directly owns 52,632 shares of the company’s stock, valued at approximately $500,004. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 45.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SKYH shares. Maxim Group upped their price objective on shares of Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. 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 objective on the stock. Finally, Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th.

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.