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Boston Omaha Corp, a significant shareholder in Sky Harbour Group Corp (NASDAQ:SKYH), recently sold shares worth approximately $587,632. The transactions took place over three consecutive days, from April 21 to April 23, 2025. Sky Harbour Group, currently valued at $863 million, has shown notable stock price volatility according to InvestingPro analysis. The shares were sold at prices ranging from $11.0379 to $11.1863 per share.
On April 21, Boston Omaha sold 17,037 shares at a weighted average price of $11.1863, followed by 29,658 shares on April 22 at an average price of $11.0379. The final sale occurred on April 23, involving 6,295 shares at an average price of $11.0706. Following these transactions, Boston Omaha now holds 9,212,371 shares directly, while its subsidiary, United Casualty & Surety Insurance Company, owns an additional 2,673,831 shares.
In other recent news, Sky Harbour Group Corp reported significant revenue growth in its fourth quarter of 2024, with revenues doubling year-over-year and increasing 13% from the previous quarter. The company highlighted its strong liquidity position, holding approximately $127 million in cash and U.S. Treasury bills, which supports its strategic expansions, including the acquisition of the Camarillo Airport campus. Despite these positive developments, the lack of specific earnings results may have contributed to cautious investor sentiment. Sky Harbour is targeting the acquisition of 50+ campuses over the next 3-5 years and plans to reach cash flow breakeven by the end of 2024. Analysts raised questions about potential tax incentives and site acquisition strategies during the earnings call. The company is also exploring additional revenue streams beyond rent and fuel services, with plans to introduce more services in the future. Sky Harbour’s management emphasized their commitment to quality and efficiency in their business aviation infrastructure projects.
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