Boston Omaha Co. (NYSE:BOC) Shares Sold by ORG Partners LLC

ORG Partners LLC cut its stake in shares of Boston Omaha Co. (NYSE:BOC) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,000 shares of the company’s stock after selling 5,000 shares during the period. ORG Partners LLC’s holdings in Boston Omaha were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BOC. SG Americas Securities LLC acquired a new position in shares of Boston Omaha during the 3rd quarter worth about $134,000. The Manufacturers Life Insurance Company acquired a new position in shares of Boston Omaha during the second quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Boston Omaha in the second quarter valued at approximately $141,000. BNP Paribas Financial Markets boosted its stake in shares of 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 acquiring an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Boston Omaha by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after purchasing an additional 925 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boston Omaha

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $12.06, for a total value of $109,468.62. Following the completion of the transaction, the insider now directly owns 10,903,830 shares in the company, valued at approximately $131,500,189.80. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 35,150 shares of company stock valued at $422,177. 23.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Boston Omaha Trading Down 0.2 %

BOC opened at $13.63 on Friday. The firm has a market capitalization of $427.63 million, a price-to-earnings ratio of -41.30 and a beta of 0.82. The company’s 50 day simple moving average is $14.74 and its two-hundred day simple moving average is $14.34. 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 data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million.

Boston Omaha 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.