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Boston Omaha Corp (NASDAQ:BOC) has recently offloaded a significant portion of its holdings in Sky Harbour Group Corp (NYSE:SKYH), a company currently valued at $814 million. According to a recent SEC filing, the company sold a total of 83,266 shares of Sky Harbour’s Class A common stock over three consecutive days, from May 28 to May 30, 2025. InvestingPro data shows SKYH’s stock has been notably volatile, with a beta of 1.58.
The sales were executed at prices ranging from $10.30 to $10.79 per share, generating a total of $871,431. Following these transactions, Boston Omaha Corp retains ownership of 8,997,663 shares directly, with an additional 2,673,831 shares held indirectly through its subsidiary, United Casualty & Surety Insurance Company.
These transactions highlight Boston Omaha Corp’s ongoing management of its investment portfolio, with Sky Harbour Group remaining a significant part of its holdings. While analysts anticipate sales growth for SKYH, the company faces profitability challenges with negative EBITDA of -$18.84 million. Discover more insights and 8 additional ProTips with InvestingPro’s comprehensive research report.
In other recent news, Sky Harbour Group Corp. reported a substantial increase in revenue for the first quarter of 2025, experiencing a 133% growth compared to the previous year and a 20% sequential rise. The company has outlined plans to achieve cash flow breakeven by the end of 2025, with nine campuses currently operational and an aim to reach 23 by year-end. Analysts have noted the company’s strategic focus on vertical integration and expansion into key markets as a significant driver of its robust performance. Sky Harbour is also preparing for a $150-175 million debt issuance to support its growth plans, with long-term bond financing anticipated. The company continues to enjoy strong liquidity with approximately $97.5 million in cash and U.S. Treasuries. Additionally, Sky Harbour is experiencing high demand for its unique aviation offerings, with occupancy rates exceeding 100% in some locations. The company is also exploring opportunities for additional revenue through services that enhance its offering, although these are currently not separately charged.
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