Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 12,438 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,438 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $11.74, for a total transaction of $146,022.12. Following the sale, the insider now directly owns 9,438,544 shares of the company’s stock, valued at $110,808,506.56. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% 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 Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total value of $868,453.32.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The stock was sold at an average price of $12.56, for a total value of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The stock was sold at an average price of $13.29, for a total value of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total value of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total value of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The shares were sold at an average price of $11.03, for a total value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were sold at an average price of $11.25, for a total value of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total value of $149,017.23.
• On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The shares were sold at an average price of $11.38, for a total value of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The stock was sold at an average price of $11.35, for a total value of $146,426.35.

Boston Omaha Trading Up 5.1 %

BOC stock opened at $14.30 on Thursday. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.29. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $14.39 and its 200-day simple moving average is $14.61. The firm has a market cap of $449.78 million, a P/E ratio of -43.33 and a beta of 0.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BOC. BNP Paribas Financial Markets grew its stake in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after purchasing an additional 5,107 shares in the last quarter. State Street Corp raised its holdings 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 purchasing an additional 9,073 shares in the last quarter. Barclays PLC grew its position in 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 buying an additional 28,632 shares during the last quarter. Geode Capital Management LLC grew its position in Boston Omaha by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after purchasing an additional 21,682 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Boston Omaha by 44.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after acquiring an additional 25,027 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.