Omaha Corp Boston Sells 12,768 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,768 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $11.39, for a total value of $145,427.52. Following the completion of the transaction, the insider now owns 9,322,805 shares of the company’s stock, valued at $106,186,748.95. The trade was a 0.14 % 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 the SEC website. Large shareholders that own more than 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 Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The shares were sold at an average price of $11.69, for a total transaction of $196,719.32.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The shares were sold at an average price of $11.06, for a total value of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The stock was sold at an average price of $11.74, for a total value of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were sold at an average price of $12.56, for a total transaction of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The stock was sold at an average price of $13.29, for a total value of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total value of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The shares were sold at an average price of $11.03, for a total value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total value of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The stock was sold at an average price of $11.19, for a total transaction of $149,017.23.

Boston Omaha Stock Up 1.7 %

NYSE:BOC opened at $14.47 on Wednesday. The company’s 50 day moving average is $14.37 and its two-hundred day moving average is $14.59. The company has a market cap of $455.12 million, a PE ratio of -43.85 and a beta of 0.84. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.29. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last issued its earnings results on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $27.93 million during the quarter, compared to analyst estimates of $28.00 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in shares of Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after purchasing an additional 5,107 shares during the last quarter. State Street Corp raised its stake in shares of Boston Omaha by 1.9% during the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after buying an additional 9,073 shares during the last quarter. Barclays PLC lifted its holdings in shares of Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after buying an additional 28,632 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $7,939,000 after buying an additional 21,682 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Boston Omaha by 44.3% during the 3rd 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 period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th.

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.