Omaha Corp Boston Sells 13,691 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 13,691 shares of Boston Omaha stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.88, for a total value of $148,958.08. Following the completion of the transaction, the insider now directly owns 9,171,213 shares of the company's stock, valued at $99,782,797.44. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% 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, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The stock was sold at an average price of $10.95, for a total transaction of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total transaction of $69,685.65.
• On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total value of $190,644.03.
• On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The stock was sold at an average price of $11.08, for a total value of $115,298.48.
• On Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total value of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The shares were sold at an average price of $11.39, for a total transaction of $145,427.52.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total transaction of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The stock was sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The stock was sold at an average price of $12.56, for a total value of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total value of $401,318.13.

Boston Omaha Trading Up 0.3 %

BOC traded up $0.04 during mid-day trading on Friday, hitting $15.45. The stock had a trading volume of 82,585 shares, compared to its average volume of 150,362. The stock's fifty day simple moving average is $14.45 and its 200-day simple moving average is $14.65. The firm has a market capitalization of $486.07 million, a price-to-earnings ratio of -46.83 and a beta of 0.84. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.20. 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 posted 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 return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.93 million for the quarter, compared to analyst estimates of $28.00 million.

Wall Street Analyst Weigh In

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

Institutional Trading of Boston Omaha

A number of large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Boston Omaha in the fourth quarter valued at approximately $31,000. KLP Kapitalforvaltning AS acquired a new position in Boston Omaha in the 4th quarter worth $79,000. Price T Rowe Associates Inc. MD bought a new position in Boston Omaha during the 4th quarter worth about $146,000. SG Americas Securities LLC lifted its holdings in shares of Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock valued at $154,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Boston Omaha during the fourth quarter worth about $192,000. 60.36% of the stock is owned by institutional investors.

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.