Boston Omaha Corp sells Sky Harbour Group shares worth $453,445

OMAHA, NE—Boston Omaha Corp, a significant shareholder in Sky Harbour Group Corp (NYSE:SKYH), recently sold a substantial portion of its holdings in the real estate company. According to a recent SEC filing, the transactions occurred over three days, from April 15 to April 17, 2025, involving a total of 40,346 shares of Sky Harbour’s Class A common stock. The sale comes as Sky Harbour trades near $11.34, with the stock showing significant volatility and currently trading above its InvestingPro Fair Value.

The shares were sold at prices ranging from $11.0812 to $11.448 per share, resulting in a total transaction value of approximately $453,445. Following these sales, Boston Omaha Corp retains 9,265,631 shares directly, with an additional 2,673,831 shares held by its wholly-owned subsidiary, United Casualty & Surety Insurance Company.

The transactions reflect Boston Omaha Corp’s ongoing management of its investment portfolio, as it continues to hold a significant stake in Sky Harbour Group Corp, which maintains strong liquidity with a current ratio of 3.65 despite posting negative earnings in the last twelve months.

In other recent news, Sky Harbour Group Corp reported significant revenue growth during their fourth quarter of 2024, with revenues doubling year-over-year and a 13% increase from the previous quarter. Despite this impressive revenue growth, the company did not provide specific earnings results, which may have contributed to a cautious investor sentiment. Sky Harbour maintains strong liquidity, boasting approximately $127 million in cash and U.S. Treasury bills. The company continues its strategic expansions with the acquisition of the Camarillo Airport campus, aiming for 50+ campuses over the next 3-5 years. Analysts have not recently issued upgrades or downgrades for Sky Harbour, but the company’s forward-looking strategies include exploring additional revenue streams. The company is also targeting 6-10 new airport acquisitions in 2026 and anticipates reaching cash flow breakeven by the fourth quarter of 2024. Sky Harbour’s CEO emphasized the company’s unique position in the market and commitment to quality, aiming to deliver the best hangars in business aviation.

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