Trexquant Investment LP Sells 18,291 Shares of Boston Omaha Co. (NYSE:BOC)

Trexquant Investment LP cut its holdings in Boston Omaha Co. (NYSE:BOC - Free Report) by 48.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,643 shares of the company's stock after selling 18,291 shares during the period. Trexquant Investment LP owned approximately 0.06% of Boston Omaha worth $279,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brandywine Global Investment Management LLC bought a new stake in shares of Boston Omaha during the 4th quarter valued at $1,481,000. Proficio Capital Partners LLC bought a new stake in Boston Omaha during the fourth quarter worth about $795,000. JPMorgan Chase & Co. grew its stake in Boston Omaha by 58.1% during the fourth quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company's stock worth $1,827,000 after buying an additional 47,351 shares in the last quarter. Barclays PLC increased its holdings in Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company's stock valued at $652,000 after buying an additional 28,632 shares during the period. Finally, Meixler Investment Management Ltd. raised its position in shares of Boston Omaha by 38.8% in the 4th quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company's stock valued at $1,441,000 after buying an additional 28,424 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Omaha Corp Boston sold 10,406 shares of Boston Omaha stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $11.08, for a total transaction of $115,298.48. Following the sale, the insider now directly owns 9,289,827 shares of the company's stock, valued at approximately $102,931,283.16. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 278,440 shares of company stock valued at $3,253,432. 23.33% of the stock is currently owned by insiders.

Boston Omaha Price Performance

Shares of BOC stock traded up $0.16 on Friday, hitting $14.72. 186,701 shares of the company's stock were exchanged, compared to its average volume of 151,067. The company has a 50 day moving average of $14.36 and a 200 day moving average of $14.59. The stock has a market cap of $462.99 million, a P/E ratio of -44.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.29.

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

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.