Private Management Group Inc. Sells 6,207 Shares of Boston Omaha Co. (NYSE:BOC)

Private Management Group Inc. lowered its stake in Boston Omaha Co. (NYSE:BOC) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 781,375 shares of the company’s stock after selling 6,207 shares during the period. Private Management Group Inc.’s holdings in Boston Omaha were worth $11,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meixler Investment Management Ltd. acquired a new stake in Boston Omaha during the third quarter worth about $1,089,000. Barclays PLC boosted its position in shares of Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after acquiring an additional 28,632 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Boston Omaha by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after acquiring an additional 25,027 shares during the last quarter. State Street Corp raised its position in Boston Omaha by 1.9% during the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after purchasing an additional 9,073 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Boston Omaha during the second quarter worth $139,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Trading Up 0.3 %

Shares of BOC opened at $14.41 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.99. The firm has a market cap of $451.98 million, a price-to-earnings ratio of -43.66 and a beta of 0.82. The business’s fifty day moving average is $14.51 and its 200-day moving average is $14.50.

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 the consensus estimate of ($0.01) by ($0.04). The business had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Insider Activity

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 shares were 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 owns 10,903,830 shares of the company’s stock, valued at $131,500,189.80. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 108,868 shares of company stock worth $1,253,412. Corporate insiders own 23.33% of the company’s stock.

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.