Omaha Corp Boston Sells 8,857 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $11.18, for a total value of $99,021.26. Following the transaction, the insider now owns 10,852,718 shares in the company, valued at $121,333,387.24. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total value of $89,300.96.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The stock was sold at an average price of $11.65, for a total value of $116,837.85.
• 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 stock was 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 Price Performance

Shares of NYSE BOC traded up $0.13 during midday trading on Friday, reaching $14.78. 123,938 shares of the company traded hands, compared to its average volume of 130,394. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The stock’s 50-day simple moving average is $14.61 and its 200-day simple moving average is $14.37. The firm has a market cap of $463.68 million, a PE ratio of -44.79 and a beta of 0.82.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOC. SG Americas Securities LLC increased its holdings in Boston Omaha by 20.4% during 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. JPMorgan Chase & Co. grew its holdings in shares of Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock worth $1,212,000 after purchasing an additional 25,027 shares during the last quarter. Barclays PLC increased its stake in shares of Boston Omaha by 188.4% in 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. Geode Capital Management LLC raised its holdings in shares of Boston Omaha by 4.2% in 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 during the last quarter. Finally, State Street Corp lifted its position in Boston Omaha by 1.9% during the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock worth $7,319,000 after buying an additional 9,073 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed 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.

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.