Boston Omaha Co. (NYSE:BOC) Stock Position Lowered by George Kaiser Family Foundation

George Kaiser Family Foundation decreased its position in Boston Omaha Co. (NYSE:BOC) by 42.8% in the fourth quarter, Holdings Channel reports. The firm owned 140,932 shares of the company’s stock after selling 105,614 shares during the period. Boston Omaha accounts for 0.5% of George Kaiser Family Foundation’s investment portfolio, making the stock its 8th largest holding. George Kaiser Family Foundation’s holdings in Boston Omaha were worth $2,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOC. Vanguard Group Inc. lifted its holdings in shares of Boston Omaha by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,208,166 shares of the company’s stock worth $19,802,000 after buying an additional 31,530 shares during the period. Fenimore Asset Management Inc. lifted its stake in Boston Omaha by 17.8% in the fourth quarter. Fenimore Asset Management Inc. now owns 812,799 shares of the company’s stock worth $12,785,000 after acquiring an additional 123,095 shares during the period. Greenwood Gearhart Inc. grew its holdings in Boston Omaha by 2.8% during the 3rd quarter. Greenwood Gearhart Inc. now owns 568,698 shares of the company’s stock worth $9,321,000 after acquiring an additional 15,325 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE increased its position in Boston Omaha by 1.2% during the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 466,836 shares of the company’s stock valued at $7,343,000 after purchasing an additional 5,513 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Boston Omaha by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,439 shares of the company’s stock valued at $1,253,000 after purchasing an additional 1,802 shares during the period. Institutional investors own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

BOC has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, May 20th. TD Cowen dropped their target price on Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd.

Insider Activity

In other Boston Omaha news, Director Vishnu Srinivasan bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of $13.47 per share, for a total transaction of $40,410.00. Following the purchase, the director now directly owns 12,750 shares in the company, valued at $171,742.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 26.24% of the company’s stock.

Boston Omaha Stock Up 3.1 %

Shares of BOC stock traded up $0.45 during mid-day trading on Friday, hitting $14.84. 192,242 shares of the stock traded hands, compared to its average volume of 239,326. Boston Omaha Co. has a 52-week low of $13.33 and a 52-week high of $20.81. The stock has a market cap of $466.85 million, a P/E ratio of -70.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.92. The stock’s fifty day moving average is $15.39 and its two-hundred day moving average is $15.46.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data on Friday, May 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $25.55 million for the quarter, compared to the consensus estimate of $25.50 million. Boston Omaha had a negative return on equity of 1.08% and a negative net margin of 6.56%.

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.