Boston Omaha Co. (NYSE:BOC) Shares Bought by Elgethun Capital Management

Elgethun Capital Management lifted its position in Boston Omaha Co. (NYSE:BOC - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 559,485 shares of the company's stock after buying an additional 78,662 shares during the quarter. Boston Omaha makes up 1.9% of Elgethun Capital Management's investment portfolio, making the stock its 17th largest holding. Elgethun Capital Management owned approximately 1.78% of Boston Omaha worth $7,933,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, major shareholder Omaha Corp Boston sold 30,197 shares of Boston Omaha stock in a transaction on Monday, March 31st. The stock was sold at an average price of $13.29, for a total transaction of $401,318.13. Following the completion of the transaction, the insider now owns 9,506,869 shares of the company's stock, valued at $126,346,289.01. The trade was a 0.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 255,156 shares of company stock worth $2,984,309. Company insiders own 23.33% of the company's stock.

Analyst Ratings Changes

Separately, TD Cowen cut their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday.

Boston Omaha Stock Performance

BOC stock traded up $0.21 on Friday, hitting $14.32. The company's stock had a trading volume of 116,040 shares, compared to its average volume of 150,644. The stock has a market cap of $450.41 million, a price-to-earnings ratio of -43.39 and a beta of 0.84. The firm has a 50 day moving average of $14.39 and a two-hundred day moving average of $14.60. 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 Co. has a 1 year low of $12.41 and a 1 year high of $16.29.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its earnings results 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 net margin of 9.73% and a negative return on equity of 1.76%. The business had revenue of $27.93 million during the quarter, compared to the consensus estimate of $28.00 million.

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.