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Boston Omaha Corp, a significant shareholder of Sky Harbour Group Corp (NASDAQ:SKYH), has recently sold a substantial portion of its holdings in the company. According to a recent SEC filing, Boston Omaha sold a total of 54,544 shares of Sky Harbour’s Class A common stock over several days in late May 2025, totaling approximately $582,469. The sale comes as Sky Harbour, currently valued at $853 million, trades near $10.86 per share. InvestingPro analysis indicates the stock is trading above its Fair Value, with analysts setting price targets between $13.50 and $25.
The transactions occurred on May 22, 23, and 27, with the shares being sold at prices ranging from $10.0701 to $10.8737 per share. Following these sales, Boston Omaha now holds 9,080,929 shares directly. Additionally, United Casualty & Surety Insurance Company, a wholly-owned subsidiary of Boston Omaha, owns another 2,673,831 shares of Sky Harbour’s Class A common stock.
In other recent news, Sky Harbour Group Corp. reported a remarkable 133% year-over-year increase in revenue for the first quarter of 2025, alongside a 20% sequential rise. This significant growth is part of the company’s strategic plan to achieve cash flow breakeven by the end of the year. Sky Harbour is also expanding its operations, with nine campuses currently operational and plans to reach 23 by the end of 2025. The company is preparing for a $150-175 million debt issuance to support its growth, with potential interest rates of 5.50% for bonds and SOFR+200 for bank facilities. Additionally, Sky Harbour is focusing on vertical integration to enhance its construction capabilities, aiming to manage costs and improve efficiency. The firm also announced two new ground leases in the Pacific Northwest, expanding its footprint in key markets. These developments underscore Sky Harbour’s commitment to growth and innovation in the business aviation sector.
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