Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $196,719.32 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 16,828 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $11.69, for a total value of $196,719.32. Following the transaction, the insider now directly owns 9,305,977 shares in the company, valued at $108,786,871.13. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The stock was sold at an average price of $11.39, for a total value of $145,427.52.
• 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 shares were sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The stock was 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 shares were sold at an average price of $13.29, for a total transaction of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The shares were 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 stock was 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 shares were sold at an average price of $11.19, for a total transaction of $149,017.23.

Boston Omaha Stock Performance

Shares of Boston Omaha stock traded down $0.04 during trading hours on Monday, reaching $14.26. 78,751 shares of the stock traded hands, compared to its average volume of 150,555. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.29. The firm has a market capitalization of $448.52 million, a price-to-earnings ratio of -43.21 and a beta of 0.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.59.

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

Hedge Funds Weigh In On Boston Omaha

Hedge funds have recently modified their holdings of the company. Fenimore Asset Management Inc raised its position in shares of Boston Omaha by 1.0% during the first quarter. Fenimore Asset Management Inc now owns 947,797 shares of the company’s stock valued at $13,819,000 after buying an additional 9,635 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Boston Omaha by 58.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,987 shares of the company’s stock valued at $354,000 after purchasing an additional 9,200 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Boston Omaha by 33.8% during the fourth quarter. Two Sigma Advisers LP now owns 26,500 shares of the company’s stock valued at $376,000 after purchasing an additional 6,700 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Boston Omaha by 71.4% in the fourth quarter. Deutsche Bank AG now owns 33,962 shares of the company’s stock worth $482,000 after buying an additional 14,142 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Boston Omaha by 28.9% during the fourth quarter. Bank of America Corp DE now owns 37,933 shares of the company’s stock valued at $538,000 after buying an additional 8,511 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Boston Omaha

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.