Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 8,857 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $11.18, for a total transaction of $99,021.26. Following the completion of the transaction, the insider now owns 10,852,718 shares of the company’s stock, valued at $121,333,387.24. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total value of $89,300.96.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The shares were sold at an average price of $11.65, for a total value of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The stock was sold at an average price of $12.02, for a total value of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Trading Up 0.9 %

NYSE:BOC traded up $0.13 during mid-day trading on Friday, hitting $14.78. The company had a trading volume of 123,938 shares, compared to its average volume of 130,394. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The firm has a market cap of $463.68 million, a P/E ratio of -44.79 and a beta of 0.82. The business’s fifty day moving average is $14.61 and its two-hundred day moving average is $14.37.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in Boston Omaha by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after acquiring an additional 925 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Boston Omaha by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after purchasing an additional 1,822 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Boston Omaha by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock valued at $154,000 after purchasing an additional 1,837 shares during the period. American Century Companies Inc. increased its stake in Boston Omaha by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock worth $368,000 after purchasing an additional 4,599 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after buying an additional 5,107 shares during the period. 60.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Boston Omaha

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.