Omaha Corp Boston Sells 19,024 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 19,024 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $10.87, for a total value of $206,790.88. Following the sale, the insider now owns 9,116,449 shares in the company, valued at approximately $99,095,800.63. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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 shares were sold at an average price of $10.30, for a total transaction 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 Tuesday, May 27th, Omaha Corp Boston sold 11,198 shares of Boston Omaha stock. The shares were sold at an average price of $10.07, for a total value of $112,763.86.
• On Friday, May 23rd, Omaha Corp Boston sold 24,322 shares of Boston Omaha stock. The stock was sold at an average price of $10.81, for a total transaction of $262,920.82.
• 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 transaction 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 transaction of $44,874.56.
• On Monday, May 19th, Omaha Corp Boston sold 31,197 shares of Boston Omaha stock. The stock was 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 stock was 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 stock was sold at an average price of $10.95, for a total value of $168,443.85.

Boston Omaha Trading Down 1.7%

Shares of NYSE BOC traded down $0.25 during midday trading on Friday, reaching $14.69. 122,796 shares of the stock were exchanged, compared to its average volume of 139,013. The business has a 50-day simple moving average of $14.77 and a two-hundred day simple moving average of $14.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The company has a market capitalization of $462.04 million, a price-to-earnings ratio of -44.51 and a beta of 1.01. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.20.

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

Institutional Investors Weigh In On Boston Omaha

Several institutional investors have recently added to or reduced their stakes in BOC. Quantbot Technologies LP bought a new stake in Boston Omaha in the 4th quarter valued at $31,000. KLP Kapitalforvaltning AS bought a new stake in shares of Boston Omaha in the fourth quarter valued at about $79,000. Covestor Ltd lifted its holdings in shares of Boston Omaha by 143.7% in the first quarter. Covestor Ltd now owns 5,395 shares of the company's stock valued at $79,000 after purchasing an additional 3,181 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Boston Omaha in the first quarter valued at about $142,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Boston Omaha in the 4th quarter valued at approximately $146,000. 60.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen decreased 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.

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.