Bank of New York Mellon Corp raised its stake in BOSTON OMAHA Corp (NASDAQ:BOMN) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,189 shares of the company’s stock after buying an additional 5,187 shares during the quarter. Bank of New York Mellon Corp owned 0.08% of BOSTON OMAHA worth $544,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of BOSTON OMAHA by 213.5% during the 2nd quarter. BlackRock Inc. now owns 364,438 shares of the company’s stock worth $7,677,000 after purchasing an additional 248,197 shares during the last quarter. Athena Capital Advisors LLC increased its stake in shares of BOSTON OMAHA by 69.5% during the 3rd quarter. Athena Capital Advisors LLC now owns 19,996 shares of the company’s stock worth $598,000 after purchasing an additional 8,196 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of BOSTON OMAHA by 174.1% during the 2nd quarter. Northern Trust Corp now owns 46,132 shares of the company’s stock worth $972,000 after purchasing an additional 29,304 shares during the last quarter. Hedge funds and other institutional investors own 47.75% of the company’s stock.
Separately, ValuEngine lowered shares of BOSTON OMAHA from a “buy” rating to a “hold” rating in a research note on Monday, November 26th.
Shares of BOMN opened at $24.98 on Friday. BOSTON OMAHA Corp has a 12 month low of $19.45 and a 12 month high of $31.67.
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BOSTON OMAHA Company Profile
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the United States. The company acquires existing billboard locations in Alabama, Florida, Georgia, and Wisconsin. It also provides surety insurance products, as well as related brokerage services; and commercial real estate brokerage, property management, and other real estate services.
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