Sky Harbour Group (NYSEAMERICAN:SKYH) Sees Large Volume Increase – Here’s What Happened

Shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw unusually-high trading volume on Tuesday . Approximately 37,905 shares changed hands during 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.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Northland Capmk upgraded shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th. 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. Finally, Maxim Group boosted their price objective on Sky Harbour Group from $17.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th.

Sky Harbour Group Stock Performance

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

Insiders Place Their Bets

In other Sky Harbour Group news, Director Alexander Buffett Rozek acquired 152,486 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $9.50 per share, for a total transaction of $1,448,617.00. Following the completion of the acquisition, the director now directly owns 323,613 shares of the company’s stock, valued at approximately $3,074,323.50. This represents a 89.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 45.18% of the company’s stock.

Institutional Trading of Sky Harbour Group

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Sky Harbour Group in the 2nd quarter valued at approximately $271,000. Rhumbline Advisers bought a new stake in Sky Harbour Group in the second quarter valued at approximately $103,000. Apis Capital Advisors LLC acquired a new stake in Sky Harbour Group in the second quarter worth $92,000. X Square Capital LLC bought a new position in shares of Sky Harbour Group during the third quarter worth $331,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Sky Harbour Group by 82.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 98,646 shares of the company’s stock valued at $1,089,000 after buying an additional 44,596 shares during the period. Institutional investors and hedge funds 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.