Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $109,468.62 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 9,077 shares of the business’s 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 transaction, the insider now directly owns 10,903,830 shares in the company, valued at $131,500,189.80. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Stock Performance

NYSE:BOC opened at $14.04 on Friday. The stock has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $14.35. The stock has a market cap of $440.49 million, a P/E ratio of -42.54 and a beta of 0.80. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. 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 posted its earnings results 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 firm had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million.

Institutional Trading of Boston Omaha

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings 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 during the period. Rhumbline Advisers grew its position in Boston Omaha by 4.8% during the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock worth $537,000 after buying an additional 1,822 shares in the last quarter. American Century Companies Inc. increased its stake in Boston Omaha by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock worth $368,000 after acquiring an additional 4,599 shares during the period. Pecaut & CO. raised its holdings in Boston Omaha by 20.1% in the 2nd quarter. Pecaut & CO. now owns 29,900 shares of the company’s stock valued at $402,000 after acquiring an additional 5,000 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the period. Institutional investors own 60.36% of the company’s stock.

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 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.