Following these transactions, Boston Omaha Corp directly holds 10,820,950 shares of Sky Harbor Group, while its wholly-owned subsidiary, United Casualty Surety Insurance Company, holds an additional 1,511,831 shares. Despite the stock’s recent volatility and year-to-date return of -4.61%, analysts maintain bullish price targets ranging from $15 to $25 per share. For a deeper insight into SKYH’s valuation and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, which contains detailed analysis and key metrics. Despite the stock’s recent volatility and year-to-date return of -4.61%, analysts maintain bullish price targets ranging from $15 to $25 per share. For a deeper insight into SKYH’s valuation and growth prospects, InvestingPro subscribers can access the comprehensive Pro Research Report, which contains detailed analysis and key metrics.
Following these transactions, Boston Omaha Corp directly holds 10,820,950 shares of Sky Harbor Group, while its wholly-owned subsidiary, United Casualty Surety Insurance Company, holds an additional 1,511,831 shares.
In other recent news, Sky Harbor 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 existing facilities. CFO Francisco Gonzalez expressed confidence in the company’s financial trajectory, with plans to break even 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, targeting investment grade for its bonds.
Sky Harbor is moving forward with campus developments in Dallas, Denver and Phoenix, which are expected to drive revenue growth. The company posted $110 million in cash and government bonds as of Sept. 30, and a second investment in PIPE is expected to raise an additional $37.6 million. Sky Harbor is also working toward an investment-grade rating for its bonds and aims to raise $150 million in additional debt.
The company has completed the Sky Harbor 37 prototype and is focusing on process management and in-sourcing. Marty Kretchman named senior vice president of airports to improve tenant satisfaction. Sky Harbor’s strategy now includes semi-private hangars, which have increased occupancy and revenue. These are just a few of the recent developments at Sky Harbor Capital.
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