Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $194,187.84 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 15,904 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.21, for a total value of $194,187.84. Following the sale, the insider now owns 10,912,907 shares of the company’s stock, valued at approximately $133,246,594.47. This represents a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The stock was sold at an average price of $12.06, for a total value of $109,468.62.

Boston Omaha Trading Down 0.6 %

NYSE:BOC opened at $14.18 on Thursday. The stock has a market capitalization of $444.88 million, a price-to-earnings ratio of -42.97 and a beta of 0.80. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $14.92 and a 200 day moving average of $14.35.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The business had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 price objective (down previously from $17.00) on shares of Boston Omaha in a research report on Thursday, September 19th.

Institutional Investors Weigh In On Boston Omaha

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Boston Omaha by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after purchasing an additional 25,027 shares during the last quarter. Barclays PLC raised its holdings in shares of Boston Omaha by 188.4% in the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after buying an additional 28,632 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Boston Omaha by 4.2% during the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after buying an additional 21,682 shares during the period. State Street Corp grew its holdings in shares of Boston Omaha by 1.9% during the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after buying an additional 9,073 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in shares of Boston Omaha by 2.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 271,379 shares of the company’s stock valued at $4,035,000 after buying an additional 6,047 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.