Sky Harbour Group (NYSEAMERICAN:SKYH) Trading Down 3% – What’s Next?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) shares traded down 3% on Thursday . The company traded as low as $12.41 and last traded at $12.55. 11,534 shares were traded during trading, a decline of 81% from the average session volume of 61,353 shares. The stock had previously closed at $12.94.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SKYH shares. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Northland Securities initiated coverage on Sky Harbour Group in a report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Maxim Group upped their target price on 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

The company has a market cap of $910.15 million, a PE ratio of -6.15 and a beta of 1.80.

Insider Activity

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 stock was bought at an average price 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 of the company’s stock, valued at approximately $500,004. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 45.18% of the company’s stock.

Hedge Funds Weigh In On Sky Harbour Group

Large investors have recently made changes to their positions in the business. Meixler Investment Management Ltd. grew its position in Sky Harbour Group by 82.5% during the 3rd 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 last quarter. X Square Capital LLC acquired a new stake in shares of Sky Harbour Group during the third quarter worth $331,000. Bank of New York Mellon Corp purchased a new stake in shares of Sky Harbour Group during the second quarter valued at $271,000. Barclays PLC increased its position in shares of 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 acquiring an additional 12,490 shares during the period. Finally, Rhumbline Advisers purchased a new position in Sky Harbour Group in the 2nd quarter worth $103,000. 14.75% of the stock is owned by institutional investors and hedge funds.

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.