Sky Harbour Group (NYSEAMERICAN:SKYH) Stock Price Expected to Rise, Maxim Group Analyst Says

Sky Harbour Group (NYSEAMERICAN:SKYH - Get Free Report) had its price target increased by investment analysts at Maxim Group from $17.00 to $25.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Maxim Group's price objective suggests a potential upside of 124.42% from the company's previous close.

Several other equities research analysts have also recently weighed in on SKYH. Northland Securities began coverage on Sky Harbour Group in a report on Tuesday, September 24th. They issued an "outperform" rating and a $16.00 target price for the company. Northland Capmk raised shares of Sky Harbour Group to a "strong-buy" rating in a report on Tuesday, September 24th.

Sky Harbour Group Stock Performance

Shares of SKYH traded down $0.18 during mid-day trading on Wednesday, reaching $11.14. 59,482 shares of the company's stock traded hands, compared to its average volume of 56,401. Sky Harbour Group has a 12 month low of $7.75 and a 12 month high of $13.60. The stock has a market cap of $746.71 million, a price-to-earnings ratio of -5.47 and a beta of 1.84.

Insider Buying and Selling

In other Sky Harbour Group news, Director Alexander Buffett Rozek purchased 52,632 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 52,632 shares in the company, valued at approximately $500,004. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 45.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sky Harbour Group

A number of hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Sky Harbour Group by 326.5% during the 3rd quarter. Barclays PLC now owns 16,315 shares of the company's stock worth $181,000 after purchasing an additional 12,490 shares during the period. Geode Capital Management LLC boosted its stake in Sky Harbour Group by 2.8% during the third 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 stake in shares of Sky Harbour Group by 1.1% in the 3rd quarter. State Street Corp now owns 125,483 shares of the company's stock valued at $1,385,000 after acquiring an additional 1,406 shares during the period. MetLife Investment Management LLC acquired a new position in Sky Harbour Group during the third quarter worth $79,000. Finally, Meixler Investment Management Ltd. boosted its position in shares of 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 buying an additional 44,596 shares during the period. Hedge funds and other institutional investors own 14.75% of the company's stock.

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.