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

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 16,828 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $11.69, for a total transaction of $196,719.32. Following the transaction, the insider now owns 9,305,977 shares of the company's stock, valued at approximately $108,786,871.13. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The stock was sold at an average price of $11.08, for a total transaction of $115,298.48.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The shares were 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 stock was 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 value 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 value of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was 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 shares were sold at an average price of $11.36, for a total value of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The shares were 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.

Boston Omaha Stock Up 1.1 %

Shares of NYSE:BOC traded up $0.16 during mid-day trading on Friday, hitting $14.72. 186,701 shares of the company traded hands, compared to its average volume of 151,067. The stock has a market cap of $462.99 million, a P/E ratio of -44.60 and a beta of 0.84. The stock has a 50-day moving average price of $14.36 and a two-hundred day moving average price of $14.59. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.29. 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 - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.19. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The business had revenue of $27.93 million for the quarter, compared to analysts' expectations of $28.00 million.

Institutional Trading of Boston Omaha

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew 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 purchasing an additional 5,107 shares in the last quarter. State Street Corp raised its stake in Boston Omaha by 1.9% in 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. Barclays PLC lifted its position in Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company's stock valued at $652,000 after purchasing an additional 28,632 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boston Omaha by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company's stock valued at $7,939,000 after buying an additional 21,682 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Boston Omaha by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company's stock worth $1,212,000 after acquiring an additional 25,027 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

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.