Boston Omaha Co. (NYSE:BOC) Position Reduced by Pecaut & CO.

Pecaut & CO. cut its position in shares of Boston Omaha Co. (NYSE:BOC) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,900 shares of the company’s stock after selling 13,000 shares during the quarter. Pecaut & CO. owned 0.07% of Boston Omaha worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BOC. Proficio Capital Partners LLC purchased a new stake in Boston Omaha during the fourth quarter valued at about $795,000. Barclays PLC lifted its stake in Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after buying an additional 28,632 shares in the last quarter. Meixler Investment Management Ltd. lifted its stake in Boston Omaha by 38.8% during the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company’s stock valued at $1,441,000 after buying an additional 28,424 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after buying an additional 25,027 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Boston Omaha by 4.2% during the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock valued at $7,939,000 after buying an additional 21,682 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Boston Omaha Price Performance

NYSE BOC opened at $13.99 on Friday. The company has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $14.63. 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 firm has a market capitalization of $438.77 million, a price-to-earnings ratio of -42.38 and a beta of 0.84. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.83.

Insider Transactions at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 9,077 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $12.06, for a total value of $109,468.62. Following the completion of the sale, the insider now directly owns 10,903,830 shares of the company’s stock, valued at $131,500,189.80. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 123,709 shares of company stock valued at $1,419,966 over the last three months. 23.33% of the stock is owned by corporate insiders.

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.