Following these transactions, Boston Omaha Corp holds 10,820,950 shares of Sky Harbour Group directly, while its wholly-owned subsidiary, United Casualty Surety Insurance Company, owns an additional 1,511,831 shares. Despite recent stock volatility and a -4.61% YTD return, analysts maintain optimistic price targets ranging from $15 to $25 per share. For deeper insights into SKYH’s valuation and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, featuring detailed analysis and key metrics. Despite recent stock volatility and a -4.61% YTD return, analysts maintain optimistic price targets ranging from $15 to $25 per share. For deeper insights into SKYH’s valuation and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, featuring detailed analysis and key metrics.
Following these transactions, Boston Omaha Corp holds 10,820,950 shares of Sky Harbour Group directly, while its wholly-owned subsidiary, United Casualty Surety Insurance Company, owns an additional 1,511,831 shares.
In other recent news, Sky Harbour Capital reported significant revenue growth in its latest earnings call, driven primarily by the opening of its San Jose campus and high occupancy rates at its existing facilities. CFO Francisco Gonzalez expressed confidence in the company’s financial trajectory, with plans to achieve breakeven on a consolidated basis by next year. The company is also expanding its airport portfolio and expects to raise additional funds through a second PIPE closing, aiming for investment-grade ratings for its bonds.
Sky Harbour is progressing with campus developments in Dallas, Denver, and Phoenix, which are expected to drive revenue growth. The company reported $110 million in cash and Treasuries as of September 30, and a second PIPE investment is expected to raise an additional $37.6 million. Sky Harbour is also working towards an investment-grade rating for its bonds and aims to raise $150 million in additional debt.
The company has completed the Sky Harbour 37 prototype and is focusing on process management and in-sourcing. Marty Kretchman has been appointed as Senior Vice President of Airports to improve tenant satisfaction. Sky Harbour’s strategy now includes semi-private hangars, which have increased occupancy and revenue. These are just a few of the recent developments at Sky Harbour Capital.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
