JPMorgan Chase & Co. Purchases 25,027 Shares of Boston Omaha Co. (NYSE:BOC)

JPMorgan Chase & Co. grew its position in Boston Omaha Co. (NYSE:BOC - Free Report) by 44.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,476 shares of the company's stock after purchasing an additional 25,027 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of Boston Omaha worth $1,212,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Boston Omaha in the third quarter valued at approximately $134,000. The Manufacturers Life Insurance Company bought a new position in Boston Omaha during the second quarter worth $139,000. Susquehanna Fundamental Investments LLC bought a new position in Boston Omaha during the second quarter worth $141,000. BNP Paribas Financial Markets increased its position in Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company's stock worth $200,000 after acquiring an additional 5,107 shares during the period. Finally, American Century Companies Inc. increased its position in Boston Omaha by 20.2% during the second quarter. American Century Companies Inc. now owns 27,327 shares of the company's stock worth $368,000 after acquiring an additional 4,599 shares during the period. Institutional investors own 60.36% of the company's stock.

Boston Omaha Stock Performance

BOC stock traded down $0.06 on Friday, reaching $14.58. 84,621 shares of the company were exchanged, compared to its average volume of 111,678. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The stock's fifty day moving average price is $14.55 and its 200 day moving average price is $14.43. The firm has a market capitalization of $457.22 million, a PE ratio of -44.17 and a beta of 0.82. 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 (NYSE:BOC - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The firm had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million.

Insider Activity

In related news, major shareholder Omaha Corp Boston sold 15,904 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.21, for a total transaction of $194,187.84. Following the transaction, the insider now owns 10,912,907 shares in the company, valued at $133,246,594.47. This represents a 0.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 81,239 shares of company stock worth $944,354. Corporate insiders own 23.33% of the company's stock.

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.