Barclays PLC Acquires 28,632 Shares of Boston Omaha Co. (NYSE:BOC)

Barclays PLC increased its holdings in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 188.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,830 shares of the company's stock after acquiring an additional 28,632 shares during the period. Barclays PLC owned approximately 0.14% of Boston Omaha worth $652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meixler Investment Management Ltd. bought a new position in shares of Boston Omaha during the third quarter valued at $1,089,000. Private Management Group Inc. grew its position in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company's stock valued at $11,711,000 after purchasing an additional 93,836 shares during the last quarter. State Street Corp increased its stake in 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 purchasing an additional 9,073 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Boston Omaha by 333.9% in the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company's stock worth $2,599,000 after buying an additional 148,600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Boston Omaha in the second quarter worth approximately $139,000. Hedge funds and other institutional investors own 60.36% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company reissued an "equal weight" rating and set a $15.00 price target (down previously from $17.00) on shares of Boston Omaha in a research report on Thursday, September 19th.

Boston Omaha Stock Performance

Shares of NYSE:BOC traded up $0.13 during midday trading on Friday, reaching $14.78. 123,938 shares of the company's stock traded hands, compared to its average volume of 130,394. 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 one year low of $12.41 and a one year high of $16.99. The company has a market cap of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82. The stock has a 50 day moving average of $14.61 and a 200 day moving average of $14.37.

Boston Omaha (NYSE:BOC - Get Free Report) last posted its 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 company 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%.

Insider Activity at Boston Omaha

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of Boston Omaha stock in a transaction 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 completion of the sale, the insider now owns 10,903,830 shares of the company's stock, valued at $131,500,189.80. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 51,868 shares of company stock worth $610,499 over the last quarter. Company insiders own 23.33% of the company's stock.

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.