Sky Harbor Director Rozek Alexander Buffett buys $1.45 million worth of shares from Investing.com

Rozek Alexander Buffett, a director at Sky Harbor Group Corp (NYSE:SKYH), recently purchased a significant amount of the company’s Class A common stock. According to a regulatory filing, Buffett purchased a total of 152,486 shares at a price of $9.50 per share, representing an investment of about $1.45 million. The purchase seems timely as SKYH shares have risen about 45% over the past six months and are currently trading at $13.10.

The transactions, which occurred on 12/20/2024, increased Buffett’s indirect holdings through Boulderado Partners, LLC, and additional shares were acquired by his wife. After these purchases, Buffett’s total indirect ownership now stands at 323,613 shares, while his wife holds 128,875 shares. According to InvestingPro, the company currently has a market cap of $973 million, with 8 additional real-time insights available to subscribers.

This acquisition reflected Board members’ continued interest in Sky Harbor’s stock as the Company continues its real estate activities. While the stock has strong price momentum with an InvestingPro Momentum Score of 3.4 out of 5, investors should note its current “FAIR” overall financial health rating.

In other recent news, Sky Harbor Capital reported significant revenue growth in its most recent earnings call, driven primarily by the opening of the San Jose campus and high occupancy rates. The company’s chief financial officer, Francisco Gonzalez, expressed confidence in Sky Harbor’s financial performance and plans to break even on a consolidated basis by next year. In addition, Sky Harbor intends to expand its airport portfolio to raise additional funds through a second PIPE deal with the aim of obtaining investment grade ratings on its bonds.

The company is on schedule with campus developments in Dallas, Denver and Phoenix, which are expected to continue to drive revenue growth. Sky Harbor reported $110 million in cash and treasuries at the end of September, and a second PIPE investment is expected to raise another $37.6 million. The company is also working on an investment grade rating for its bonds and is aiming to raise another $150 million in additional debt.

Sky Harbor has completed the Sky Harbor 37 prototype and is focused on process management and insourcing. The company named Marty Kretchman senior vice president of airports to increase tenant satisfaction. Sky Harbor’s strategy now includes semi-private hangars, which have increased occupancy and revenue. These recent developments underscore Sky Harbor’s commitment to growth and expansion.

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