Omaha Corp Boston Sells 10,029 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,029 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.65, for a total transaction of $116,837.85. Following the completion of the sale, the insider now owns 10,861,575 shares in the company, valued at approximately $126,537,348.75. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $12.02, for a total transaction of $1,682.80.
• 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.
• 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 value of $194,187.84.

Boston Omaha Stock Down 2.4 %

NYSE:BOC traded down $0.34 during trading hours on Monday, reaching $13.89. 140,287 shares of the stock were exchanged, compared to its average volume of 106,929. The stock has a market cap of $435.78 million, a PE ratio of -42.09 and a beta of 0.82. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99. The firm has a 50 day moving average of $14.84 and a 200 day moving average of $14.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09.

Boston Omaha (NYSE:BOC) last announced its earnings results 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 return on equity of 1.76% and a negative net margin of 9.73%. The business had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million.

Analyst Ratings Changes

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

Institutional Trading of Boston Omaha

A number of hedge funds and other institutional investors have recently modified their holdings of BOC. Meixler Investment Management Ltd. bought a new position in Boston Omaha in the third quarter valued at approximately $1,089,000. Private Management Group Inc. boosted 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 buying an additional 93,836 shares during the last quarter. Barclays PLC grew its stake in shares of Boston Omaha by 188.4% in the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after buying an additional 28,632 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Boston Omaha by 333.9% during the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after buying an additional 148,600 shares during the last quarter. Finally, State Street Corp raised its position in Boston Omaha by 1.9% during the third quarter. State Street Corp now owns 492,192 shares of the company’s stock worth $7,319,000 after acquiring an additional 9,073 shares in 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.