Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 12,768 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,768 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $11.39, for a total transaction of $145,427.52. Following the transaction, the insider now owns 9,322,805 shares in the company, valued at approximately $106,186,748.95. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total transaction of $196,719.32.
• 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 transaction of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The stock was sold at an average price of $11.74, for a total transaction of $146,022.12.
• 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 shares were 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 stock was 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 transaction of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total transaction 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 transaction of $149,017.23.

Boston Omaha Price Performance

Shares of NYSE BOC opened at $14.26 on Tuesday. The firm’s 50 day simple moving average is $14.38 and its 200-day simple moving average is $14.59. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.29. The stock has a market capitalization of $448.52 million, a price-to-earnings ratio of -43.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.17 earnings per share 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 business had revenue of $27.93 million during the quarter, compared to the consensus estimate of $28.00 million.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds have recently bought and sold shares of BOC. Quantbot Technologies LP purchased a new stake in shares of Boston Omaha in the fourth quarter valued at approximately $31,000. KLP Kapitalforvaltning AS acquired a new stake in Boston Omaha in the 4th quarter valued at $79,000. Price T Rowe Associates Inc. MD purchased a new stake in Boston Omaha in the 4th quarter worth $146,000. SG Americas Securities LLC raised its position in Boston Omaha by 20.4% during 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. Finally, BNP Paribas Financial Markets lifted its holdings in Boston Omaha by 61.0% during the third 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 in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.