Sky Harbour Group (NYSEAMERICAN:SKYH) Given New $25.00 Price Target at Maxim Group

Sky Harbour Group (NYSEAMERICAN:SKYH) had its target price upped by equities research analysts at Maxim Group from $17.00 to $25.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 119.11% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Northland Securities initiated coverage on shares of Sky Harbour Group in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $16.00 price objective for the company. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, September 24th.

Sky Harbour Group Trading Up 2.4 %

SKYH opened at $11.41 on Wednesday. The stock has a market capitalization of $764.81 million, a PE ratio of -5.51 and a beta of 1.84. Sky Harbour Group has a one year low of $7.75 and a one year high of $13.60.

Insiders Place Their Bets

In related news, Director Alexander Buffett Rozek bought 52,632 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $9.50 per share, for a total transaction of $500,004.00. Following the transaction, the director now owns 52,632 shares of the company’s stock, valued at approximately $500,004. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 45.18% of the stock is owned by insiders.

Institutional Trading of Sky Harbour Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meixler Investment Management Ltd. raised its holdings in 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 purchasing an additional 44,596 shares during the last quarter. X Square Capital LLC acquired a new stake in Sky Harbour Group in the third quarter valued at $331,000. Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group during the 2nd quarter worth $271,000. Barclays PLC boosted 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 worth $181,000 after buying an additional 12,490 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in Sky Harbour Group in the 2nd quarter valued at about $103,000. Institutional investors and hedge funds 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.