Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Large Volume Increase - Still a Buy?

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) shares saw strong trading volume on Tuesday . 37,905 shares changed hands during mid-day trading, a decline of 51% from the previous session's volume of 78,111 shares.The stock last traded at $11.35 and had previously closed at $11.62.

Wall Street Analyst Weigh In

SKYH has been the topic of several recent research reports. Northland Capmk raised Sky Harbour Group to a "strong-buy" rating in a report on Tuesday, September 24th. Northland Securities initiated coverage on Sky Harbour Group in a research note on Tuesday, September 24th. They issued 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 company a "buy" rating in a report on Wednesday, November 20th.

Sky Harbour Group Trading Down 4.5 %

The stock has a market capitalization of $792.98 million, a P/E ratio of -5.36 and a beta of 1.80.

Insider Buying and Selling

In related news, Director Alexander Buffett Rozek purchased 152,486 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $9.50 per share, for a total transaction of $1,448,617.00. Following the purchase, the director now directly owns 323,613 shares in the company, valued at approximately $3,074,323.50. This trade represents a 89.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 45.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sky Harbour Group

Several institutional investors have recently added to or reduced their stakes in SKYH. Barclays PLC raised its stake 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 valued at $181,000 after purchasing an additional 12,490 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sky Harbour Group by 2.8% in 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 in the last quarter. State Street Corp boosted its position in shares of Sky Harbour Group by 1.1% in the third 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 bought a new stake in Sky Harbour Group during the 3rd quarter worth approximately $79,000. Finally, Meixler Investment Management Ltd. lifted its stake in Sky Harbour Group by 82.5% in 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 in the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

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.