Abacus Planning Group Inc. Reduces Holdings in Boston Omaha Co. (NYSE:BOC)

Abacus Planning Group Inc. lessened its position in shares of Boston Omaha Co. (NYSE:BOC) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 204,352 shares of the company’s stock after selling 4,340 shares during the quarter. Boston Omaha accounts for 0.5% of Abacus Planning Group Inc.’s holdings, making the stock its 29th largest holding. Abacus Planning Group Inc.’s holdings in Boston Omaha were worth $2,898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fenimore Asset Management Inc lifted its holdings in Boston Omaha by 0.3% during the 4th quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock worth $13,303,000 after purchasing an additional 2,455 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Boston Omaha by 13.5% in the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after acquiring an additional 93,836 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Boston Omaha by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock valued at $7,939,000 after acquiring an additional 21,682 shares in the last quarter. State Street Corp raised its holdings in shares of Boston Omaha by 1.9% in the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after acquiring an additional 9,073 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Boston Omaha by 2.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 271,379 shares of the company’s stock valued at $4,035,000 after acquiring an additional 6,047 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Performance

NYSE:BOC opened at $15.09 on Thursday. The business’s 50-day moving average price is $14.52 and its two-hundred day moving average price is $14.56. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99. The stock has a market cap of $473.37 million, a P/E ratio of -45.73 and a beta of 0.82. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at Boston Omaha

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 9,077 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $12.06, for a total value of $109,468.62. Following the sale, the insider now owns 10,903,830 shares of the company’s stock, valued at $131,500,189.80. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 123,709 shares of company stock valued at $1,419,966 in the last 90 days. Corporate insiders own 23.33% of the company’s stock.

Boston Omaha 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.