Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 13,691 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 13,691 shares of the company’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.88, for a total value of $148,958.08. Following the sale, the insider now owns 9,171,213 shares in the company, valued at approximately $99,782,797.44. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% 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 Friday, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The stock was sold at an average price of $10.95, for a total value of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total value of $69,685.65.
• On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The stock was sold at an average price of $11.19, for a total value of $190,644.03.
• On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The stock was sold at an average price of $11.08, for a total value of $115,298.48.
• 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 value of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The stock was sold at an average price of $11.39, for a total value of $145,427.52.
• 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 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 value 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.

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $15.47 on Tuesday. The firm’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $14.63. The stock has a market capitalization of $486.58 million, a price-to-earnings ratio of -46.88 and a beta of 0.84. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.20. 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 announced its quarterly earnings data on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.19. The company had revenue of $27.93 million for the quarter, compared to analysts’ expectations of $28.00 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Boston Omaha

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of Boston Omaha in the 4th quarter worth about $31,000. KLP Kapitalforvaltning AS purchased a new position in Boston Omaha in the 4th quarter valued at about $79,000. Price T Rowe Associates Inc. MD purchased a new position in Boston Omaha in the 4th quarter valued at about $146,000. SG Americas Securities LLC lifted its holdings in Boston Omaha by 20.4% in the 4th 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. Finally, Intech Investment Management LLC purchased a new position in Boston Omaha in the 4th quarter valued at about $192,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.