Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Director Purchases $1,448,617.00 in Stock

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Director Alexander Buffett Rozek acquired 152,486 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of $9.50 per share, for a total transaction of $1,448,617.00. Following the transaction, the director now owns 323,613 shares of the company’s stock, valued at $3,074,323.50. This represents a 89.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexander Buffett Rozek also recently made the following trade(s):

• On Thursday, October 24th, Alexander Buffett Rozek purchased 52,632 shares of Sky Harbour Group stock. The shares were purchased at an average cost of $9.50 per share, with a total value of $500,004.00.

Sky Harbour Group Price Performance

NYSEAMERICAN SKYH opened at $12.11 on Friday. The firm has a market capitalization of $865.14 million, a price-to-earnings ratio of -5.85 and a beta of 1.80. Sky Harbour Group Co. has a 12-month low of $8.26 and a 12-month high of $14.52.

Hedge Funds Weigh In On Sky Harbour Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SKYH. Barclays PLC increased its holdings in Sky Harbour Group by 326.5% in 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. Geode Capital Management LLC increased its stake in shares of Sky Harbour Group by 2.8% in the third quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after acquiring an additional 6,887 shares during the period. State Street Corp raised its holdings in shares of Sky Harbour Group by 1.1% during the third quarter. State Street Corp now owns 125,483 shares of the company’s stock worth $1,385,000 after purchasing an additional 1,406 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Sky Harbour Group during the third quarter valued at $79,000. Finally, Meixler Investment Management Ltd. lifted its position in Sky Harbour Group by 82.5% during the third quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after purchasing an additional 44,596 shares during the period. Hedge funds and other institutional investors own 14.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SKYH shares. Maxim Group increased their target price on shares of Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Northland Capmk upgraded Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Northland Securities started coverage on Sky Harbour Group in a research note on Tuesday, September 24th. They set an “outperform” rating and a $16.00 target price on the 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.