State Street Corp Raises Holdings in Sky Harbour Group Co. (NYSEAMERICAN:SKYH)

State Street Corp lifted its position in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,483 shares of the company’s stock after purchasing an additional 1,406 shares during the quarter. State Street Corp owned about 0.19% of Sky Harbour Group worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new stake in Sky Harbour Group in the 3rd quarter worth approximately $79,000. Apis Capital Advisors LLC purchased a new position in shares of Sky Harbour Group in the second quarter valued at $92,000. Rhumbline Advisers bought a new stake in Sky Harbour Group in the second quarter worth $103,000. Bank of New York Mellon Corp purchased a new stake in Sky Harbour Group during the second quarter valued at $271,000. Finally, X Square Capital LLC bought a new position in Sky Harbour Group during the third quarter valued at $331,000. 14.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Alexander Buffett Rozek purchased 152,486 shares of the stock in a transaction dated 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 acquisition, the director now owns 323,613 shares of the company’s stock, valued at approximately $3,074,323.50. This represents a 89.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 45.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Northland Securities initiated coverage on shares of Sky Harbour Group in a research report on Tuesday, September 24th. They set an “outperform” rating and a $16.00 target price on the stock. Northland Capmk raised Sky Harbour Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Maxim Group raised their price objective on Sky Harbour Group from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

Sky Harbour Group Price Performance

Shares of SKYH opened at $11.36 on Friday. Sky Harbour Group Co. has a fifty-two week low of $8.26 and a fifty-two week high of $14.52. The company has a market capitalization of $811.56 million, a PE ratio of -5.49 and a beta of 1.80.

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.