Sky Harbour Group (NYSEAMERICAN:SKYH) Reaches New 1-Year High – Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $13.61 and last traded at $13.00, with a volume of 49163 shares. The stock had previously closed at $12.76.

Wall Street Analyst Weigh In

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

Sky Harbour Group Trading Down 3.3 %

The company has a market capitalization of $927.29 million, a price-to-earnings ratio of -6.27 and a beta of 1.80.

Insider Buying and Selling at Sky Harbour Group

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKYH. Geode Capital Management LLC raised its stake in shares of Sky Harbour Group by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 251,465 shares of the company’s stock worth $2,777,000 after buying an additional 6,887 shares during the period. State Street Corp raised its position in 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 acquiring an additional 1,406 shares during the period. Meixler Investment Management Ltd. grew its position in shares of Sky Harbour Group by 82.5% in 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. X Square Capital LLC acquired a new stake in shares of Sky Harbour Group in the third quarter valued at about $331,000. Finally, Bank of New York Mellon Corp purchased a new position in Sky Harbour Group in the 2nd quarter valued at about $271,000. Hedge funds and other 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.