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 Boston Omaha stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $11.18, for a total value of $99,021.26. Following the completion of the sale, the insider now directly owns 10,852,718 shares of the company’s stock, valued at $121,333,387.24. The trade was a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 stock was sold at an average price of $11.65, for a total transaction of $116,837.85.
• 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 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 Price Performance

Shares of Boston Omaha stock opened at $14.78 on Monday. The stock’s fifty day moving average is $14.61 and its 200 day moving average is $14.39. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market cap of $463.68 million, a P/E ratio of -44.79 and a beta of 0.82.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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

Several large investors have recently added to or reduced their stakes in BOC. Commonwealth Equity Services LLC lifted its stake in shares of Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after buying an additional 925 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Boston Omaha by 4.8% in the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after acquiring an additional 1,822 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after acquiring an additional 1,837 shares during the period. American Century Companies Inc. grew its position in shares of Boston Omaha by 20.2% during the second 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 stake in Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after purchasing an additional 5,107 shares during the period. 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.