Boston Omaha Corp sells $1.1 million in Sky Harbour Group shares

Boston Omaha Corp (NASDAQ:BOMN) recently reported the sale of shares in Sky Harbour Group Corp (NYSE:SKYH), totaling approximately $1.1 million. The transactions occurred over three consecutive days, starting March 31, 2025, and involved the sale of a total of 86,084 shares of Class A common stock. Sky Harbour, currently valued at approximately $1 billion, has shown strong momentum with a 15.85% return over the past six months.

On March 31, Boston Omaha sold 30,197 shares at a weighted average price of $13.2865, with the prices ranging from $13.05 to $13.45. The following day, April 1, the company sold 10,447 shares at a weighted average price of $12.5743, with prices ranging from $12.405 to $12.77. Finally, on April 2, 45,440 shares were sold at a weighted average price of $12.5552, with prices ranging from $12.17 to $12.72. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $14 to $25.

After these transactions, Boston Omaha Corp now holds 9,450,982 shares directly, while its wholly-owned subsidiary, United Casualty & Surety Insurance Company, owns an additional 2,673,831 shares of Sky Harbour Group’s Class A common stock.

In other recent news, Sky Harbour Group Corp reported significant developments in their fourth quarter of 2024, showcasing a doubling of year-over-year revenue and a 13% increase from the third quarter. The company highlighted its strong liquidity position with $127 million in cash and U.S. Treasury bills, enabling strategic expansions such as the acquisition of the Camarillo Airport campus. Despite these positive financial metrics, the absence of specific earnings results may have contributed to a cautious investor sentiment. Analysts from various firms expressed interest in the company’s future, with Sky Harbour targeting 50+ campuses over the next 3-5 years and 6-10 new airport acquisitions by 2026. The company is also exploring additional revenue streams beyond rent and fuel services, although these are not immediate priorities. Sky Harbour’s management emphasized their commitment to quality and the strategic importance of capturing marquee airport sites. The company remains focused on expanding its footprint while maintaining operational excellence in the business aviation infrastructure sector.

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