Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $194,187.84 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 15,904 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.21, for a total value of $194,187.84. Following the sale, the insider now owns 10,912,907 shares of the company’s stock, valued at approximately $133,246,594.47. This represents a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• 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.

Boston Omaha Stock Performance

Boston Omaha stock opened at $14.04 on Friday. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market cap of $440.49 million, a price-to-earnings ratio of -42.54 and a beta of 0.80. The firm has a 50 day simple moving average of $14.90 and a 200-day simple moving average of $14.35.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOC. SG Americas Securities LLC purchased a new stake in Boston Omaha in the 3rd quarter valued at $134,000. The Manufacturers Life Insurance Company purchased a new stake in Boston Omaha in the 2nd quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC acquired a new position in Boston Omaha during the second quarter worth $141,000. BNP Paribas Financial Markets grew its position in Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after buying an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.