Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of Sky Harbour Group (NYSEAMERICAN:SKYH) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Northland Securities began coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, 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.

Sky Harbour Group Stock Performance

NYSEAMERICAN SKYH opened at $11.10 on Tuesday. Sky Harbour Group has a fifty-two week low of $8.26 and a fifty-two week high of $14.52. The stock has a market cap of $792.98 million, a price-to-earnings ratio of -5.36 and a beta of 1.80.

Insiders Place Their Bets

In other news, Director Alexander Buffett Rozek bought 52,632 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average cost of $9.50 per share, with a total value of $500,004.00. Following the completion of the transaction, the director now directly owns 52,632 shares in the company, valued at $500,004. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 45.18% of the company’s stock.

Institutional Trading of Sky Harbour Group

Hedge funds have recently modified their holdings of the company. Meixler Investment Management Ltd. lifted its stake 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 worth $1,089,000 after purchasing an additional 44,596 shares during the period. X Square Capital LLC acquired a new position in shares of Sky Harbour Group in the 3rd quarter worth approximately $331,000. Bank of New York Mellon Corp bought a new position in shares of Sky Harbour Group during the 2nd quarter worth approximately $271,000. Barclays PLC boosted its stake in Sky Harbour Group by 326.5% in the 3rd quarter. Barclays PLC now owns 16,315 shares of the company’s stock valued at $181,000 after buying an additional 12,490 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in Sky Harbour Group in the second quarter valued at $103,000. 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.