Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report)'s stock price fell 3% during mid-day trading on Thursday . The stock traded as low as $12.41 and last traded at $12.55. 11,534 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 61,353 shares. The stock had previously closed at $12.94.
Analyst Ratings Changes
Several research firms have recently commented on SKYH. Maxim Group boosted their target price on shares of Sky Harbour Group from $17.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Northland Capmk raised Sky Harbour Group to a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, Northland Securities began coverage on Sky Harbour Group in a report on Tuesday, September 24th. They set an "outperform" rating and a $16.00 price target for the company.
View Our Latest Research Report on Sky Harbour Group
Sky Harbour Group Price Performance
The company has a market capitalization of $908.72 million, a price-to-earnings ratio of -6.14 and a beta of 1.80.
Insider Buying and Selling
In other news, Director Alexander Buffett Rozek acquired 152,486 shares of Sky Harbour Group stock in a transaction that occurred on 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 completion of the transaction, the director now owns 323,613 shares in the company, valued at $3,074,323.50. The trade was a 89.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.18% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC purchased a new stake in shares of Sky Harbour Group during the third quarter worth about $79,000. Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group in the second quarter worth $92,000. Rhumbline Advisers bought a new position in shares of Sky Harbour Group during the second quarter worth $103,000. Barclays PLC grew its stake in Sky Harbour Group by 326.5% during the third quarter. Barclays PLC now owns 16,315 shares of the company's stock valued at $181,000 after acquiring an additional 12,490 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Sky Harbour Group in the 2nd quarter valued at $271,000. 14.75% of the stock is currently owned by institutional investors.
Sky Harbour Group Company Profile
(
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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.
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