Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Strong Trading Volume – What’s Next?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares saw an uptick in trading volume on Tuesday . 112,222 shares were traded during trading, an increase of 95% from the previous session’s volume of 57,531 shares.The stock last traded at $13.29 and had previously closed at $13.42.

Wall Street Analysts Forecast Growth

SKYH has been the subject of a number of research analyst reports. Northland Securities started 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 for the company. 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 report on Wednesday, November 20th. Finally, Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a report on Tuesday, September 24th.

Sky Harbour Group Price Performance

Insider Buying and Selling

In other Sky Harbour Group news, Director Alexander Buffett Rozek bought 52,632 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $9.50 per share, with a total value of $500,004.00. Following the completion of the acquisition, the director now directly owns 52,632 shares of the company’s stock, valued at approximately $500,004. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 45.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sky Harbour Group

Several hedge funds have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Sky Harbour Group by 1.1% during the 3rd 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 raised its holdings 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 valued at $2,777,000 after acquiring an additional 6,887 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Sky Harbour Group in the 3rd quarter worth approximately $79,000. Meixler Investment Management Ltd. raised its stake in shares of Sky Harbour Group by 20.2% in the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after buying an additional 9,100 shares in the last quarter. Finally, Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the second quarter valued at about $92,000. Institutional investors and hedge funds 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.