Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 11,198 Shares

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 11,198 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $10.07, for a total value of $112,763.86. Following the completion of the sale, the insider now directly owns 9,080,929 shares in the company, valued at approximately $91,444,955.03. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 30th, Omaha Corp Boston sold 52,839 shares of Boston Omaha stock. The stock was sold at an average price of $10.30, for a total value of $544,241.70.
• On Thursday, May 29th, Omaha Corp Boston sold 18,291 shares of Boston Omaha stock. The shares were sold at an average price of $10.79, for a total value of $197,359.89.
• On Wednesday, May 28th, Omaha Corp Boston sold 12,136 shares of Boston Omaha stock. The shares were sold at an average price of $10.69, for a total value of $129,733.84.
• On Friday, May 23rd, Omaha Corp Boston sold 24,322 shares of Boston Omaha stock. The shares were sold at an average price of $10.81, for a total value of $262,920.82.
• On Thursday, May 22nd, Omaha Corp Boston sold 19,024 shares of Boston Omaha stock. The stock was sold at an average price of $10.87, for a total value of $206,790.88.
• On Wednesday, May 21st, Omaha Corp Boston sold 701 shares of Boston Omaha stock. The stock was sold at an average price of $11.28, for a total value of $7,907.28.
• On Tuesday, May 20th, Omaha Corp Boston sold 3,842 shares of Boston Omaha stock. The stock was sold at an average price of $11.68, for a total value of $44,874.56.
• On Monday, May 19th, Omaha Corp Boston sold 31,197 shares of Boston Omaha stock. The shares were sold at an average price of $11.85, for a total value of $369,684.45.
• On Monday, April 28th, Omaha Corp Boston sold 13,691 shares of Boston Omaha stock. The shares were sold at an average price of $10.88, for a total value of $148,958.08.
• On Friday, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The shares were sold at an average price of $10.95, for a total value of $168,443.85.

Boston Omaha Trading Down 1.7%

Shares of Boston Omaha stock traded down $0.25 during trading on Friday, reaching $14.69. 122,796 shares of the company were exchanged, compared to its average volume of 139,013. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.20. The business has a 50-day moving average price of $14.77 and a 200-day moving average price of $14.60. The firm has a market capitalization of $462.04 million, a price-to-earnings ratio of -44.51 and a beta of 1.01.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The company had revenue of $27.73 million for the quarter, compared to analyst estimates of $27.14 million.

Institutional Investors Weigh In On Boston Omaha

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Boston Omaha during the fourth quarter worth about $31,000. KLP Kapitalforvaltning AS acquired a new position in shares of Boston Omaha in the fourth quarter valued at approximately $79,000. Covestor Ltd grew its position in Boston Omaha by 143.7% during the first quarter. Covestor Ltd now owns 5,395 shares of the company's stock worth $79,000 after buying an additional 3,181 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Boston Omaha in the 1st quarter valued at $142,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Boston Omaha in the 4th quarter valued at $146,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lowered their target price on Boston Omaha from $28.00 to $25.00 and set a "buy" rating for the company in a research note 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.