Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 15,904 Shares

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 15,904 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84. Following the completion of the transaction, the insider now owns 10,912,907 shares in the company, valued at approximately $133,246,594.47. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were sold at an average price of $12.06, for a total value of $109,468.62.

Boston Omaha Stock Down 0.6 %

Shares of BOC traded down $0.08 during mid-day trading on Tuesday, hitting $14.18. 161,763 shares of the company's stock were exchanged, compared to its average volume of 152,762. The stock's 50-day moving average is $14.94 and its 200-day moving average is $14.35. 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 fifty-two week low of $12.41 and a fifty-two week high of $16.99. The company has a market cap of $444.88 million, a price-to-earnings ratio of -42.97 and a beta of 0.80.

Boston Omaha (NYSE:BOC - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). The business had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BOC. Meixler Investment Management Ltd. acquired a new stake in Boston Omaha in the 3rd quarter valued at about $1,089,000. Private Management Group Inc. increased its stake in shares of Boston Omaha by 13.5% during the third quarter. Private Management Group Inc. now owns 787,582 shares of the company's stock worth $11,711,000 after buying an additional 93,836 shares during the period. 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 valued at $2,599,000 after acquiring an additional 148,600 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Boston Omaha in the second quarter worth approximately $139,000. Finally, State Street Corp grew its holdings in Boston Omaha by 1.9% during the 3rd quarter. State Street Corp now owns 492,192 shares of the company's stock worth $7,319,000 after acquiring an additional 9,073 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

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.