Boston Omaha Corp sells $1.02 million in Sky Harbour Group stock

Boston Omaha Corp (NASDAQ:BOC) recently sold shares in Sky Harbour Group Corp (NASDAQ:SKYH) worth approximately $1.02 million. The transactions took place over three days, from April 7 to April 9, 2025. The shares were sold at prices ranging from $11.06 to $11.74 per share. According to InvestingPro data, SKYH currently trades at $11.39, with analyst price targets ranging from $13.50 to $25.00, suggesting potential upside.

On April 7, Boston Omaha sold 12,438 shares at a weighted average price of $11.74. The following day, it sold an additional 268 shares for $11.63 each. The largest sale occurred on April 9, when the company sold 78,522 shares at an average price of $11.06. Sky Harbour Group, with a market capitalization of $900.25 million, has shown strong revenue growth of 95% in the last twelve months. InvestingPro subscribers have access to 8 additional key insights about SKYH's financial health and growth prospects.

Post-transaction, Boston Omaha Corp holds 9,359,724 shares of Sky Harbour Group's Class A common stock directly, with an additional 2,673,831 shares owned indirectly through its subsidiary, United Casualty & Surety Insurance Company.

In other recent news, Sky Harbour Group Corp reported substantial revenue growth for the fourth quarter of 2024, with revenues doubling year-over-year and showing a 13% increase from the previous quarter. The company highlighted its strong liquidity position, boasting approximately $127 million in cash and U.S. Treasury bills. Sky Harbour also announced strategic expansions, including the acquisition of the Camarillo Airport campus. Despite these positive developments, the company's stock experienced a decline, possibly due to the absence of specific earnings results. The company plans to target over 50 campuses in the next 3-5 years and anticipates 6-10 new airport acquisitions by 2026. Additionally, Sky Harbour is exploring new revenue streams beyond rent and fuel services. Analyst feedback from the earnings call suggests cautious optimism, with some inquiries focused on potential tax incentives and site acquisition strategies.

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