Omaha Corp Boston Sells 9,077 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 9,077 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $12.06, for a total value of $109,468.62. Following the sale, the insider now owns 10,903,830 shares of the company's stock, valued at $131,500,189.80. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total value of $194,187.84.

Boston Omaha Trading Down 0.6 %

Shares of NYSE:BOC traded down $0.08 during mid-day trading on Tuesday, hitting $14.18. The stock had a trading volume of 161,763 shares, compared to its average volume of 152,762. The company's 50 day moving average is $14.94 and its 200-day moving average is $14.35. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market cap of $444.88 million, a PE 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 during the quarter, compared to analysts' expectations of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Institutional Investors Weigh In On Boston Omaha

Several hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company's stock valued at $289,000 after buying an additional 925 shares during the period. Rhumbline Advisers boosted its position in Boston Omaha by 4.8% during the second quarter. Rhumbline Advisers now owns 39,908 shares of the company's stock valued at $537,000 after purchasing an additional 1,822 shares during the last quarter. American Century Companies Inc. grew its stake in Boston Omaha by 20.2% in the second quarter. American Century Companies Inc. now owns 27,327 shares of the company's stock valued at $368,000 after purchasing an additional 4,599 shares in the last quarter. Pecaut & CO. grew its stake in Boston Omaha by 20.1% in the second quarter. Pecaut & CO. now owns 29,900 shares of the company's stock valued at $402,000 after purchasing an additional 5,000 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Boston Omaha by 61.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company's stock worth $200,000 after purchasing an additional 5,107 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.