Insigneo Advisory Services LLC Has $213,000 Holdings in Boston Omaha Co. (NYSE:BOC)

Insigneo Advisory Services LLC decreased its holdings in Boston Omaha Co. (NYSE:BOC) by 33.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,040 shares of the company’s stock after selling 7,530 shares during the period. Insigneo Advisory Services LLC’s holdings in Boston Omaha were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in Boston Omaha by 1.9% in the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock worth $7,319,000 after buying an additional 9,073 shares in the last quarter. Barclays PLC increased 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 worth $652,000 after acquiring an additional 28,632 shares during the last quarter. Geode Capital Management LLC raised 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 worth $7,939,000 after acquiring an additional 21,682 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 last quarter. Finally, SG Americas Securities LLC grew its stake in Boston Omaha by 20.4% in the fourth 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 in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their price target on Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Insider Activity

In related news, major shareholder Omaha Corp Boston sold 16,470 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.38, for a total transaction of $187,428.60. Following the completion of the sale, the insider now directly owns 10,781,022 shares of the company’s stock, valued at approximately $122,688,030.36. This represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 278,440 shares of company stock valued at $3,253,432. Insiders own 23.33% of the company’s stock.

Boston Omaha Stock Performance

BOC stock opened at $14.72 on Friday. The firm has a 50 day moving average of $14.36 and a two-hundred day moving average of $14.59. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.29. The company has a market capitalization of $462.99 million, a price-to-earnings ratio of -44.60 and a beta of 0.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The firm had revenue of $27.93 million during the quarter, compared to analysts’ expectations of $28.00 million.

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.