Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $116,837.85 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,029 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.65, for a total value of $116,837.85. Following the transaction, the insider now directly owns 10,861,575 shares in the company, valued at approximately $126,537,348.75. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 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 Stock Performance

Shares of NYSE BOC opened at $13.64 on Thursday. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month 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 company has a market cap of $427.94 million, a P/E ratio of -41.33 and a beta of 0.82. The business’s 50 day moving average is $14.79 and its two-hundred day moving average is $14.35.

Boston Omaha (NYSE:BOC) last issued 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 company had revenue of $27.70 million during the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Boston Omaha

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Boston Omaha by 44.3% during the third 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 period. Barclays PLC raised its stake in Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after acquiring an additional 28,632 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $7,939,000 after acquiring an additional 21,682 shares during the period. State Street Corp boosted its stake 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 purchasing an additional 9,073 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew 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 worth $4,035,000 after purchasing an additional 6,047 shares during the last quarter. Institutional investors and hedge funds 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.