Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 10,029 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,029 shares of Boston Omaha stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.65, for a total transaction of $116,837.85. Following the completion of the sale, the insider now directly owns 10,861,575 shares of the company’s stock, valued at approximately $126,537,348.75. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large 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 Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The shares were sold at an average price of $12.02, for a total transaction of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The shares were sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Stock Down 2.4 %

Shares of NYSE BOC opened at $13.89 on Tuesday. The stock has a market capitalization of $435.78 million, a P/E ratio of -42.09 and a beta of 0.82. The company has a 50-day moving average price of $14.84 and a 200-day moving average price of $14.35. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. 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 released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reiterated an “equal weight” rating and set a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Boston Omaha by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after purchasing an additional 105,152 shares during the last quarter. Private Management Group Inc. boosted its holdings in Boston Omaha by 13.5% during the third quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after purchasing an additional 93,836 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Boston Omaha by 4.2% during the third 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 during the last quarter. State Street Corp boosted 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 during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its stake in Boston Omaha by 2.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 271,379 shares of the company’s stock valued at $4,035,000 after acquiring an additional 6,047 shares during the last quarter. 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.