Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $206,790.88 in Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 19,024 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $10.87, for a total transaction of $206,790.88. Following the transaction, the insider now owns 9,116,449 shares of the company's stock, valued at approximately $99,095,800.63. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 transaction of $112,763.86.
• 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 transaction of $262,920.82.
• On Wednesday, May 21st, Omaha Corp Boston sold 701 shares of Boston Omaha stock. The shares were 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 shares were 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 transaction 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 transaction 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 transaction of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The stock was 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 stock was sold at an average price of $11.19, for a total transaction 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 transaction of $115,298.48.

Boston Omaha Price Performance

Shares of Boston Omaha stock traded down $0.25 on Friday, reaching $14.69. The stock had a trading volume of 122,796 shares, compared to its average volume of 138,873. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.20. The company has a market cap of $462.04 million, a P/E ratio of -44.51 and a beta of 1.01. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $14.76 and its two-hundred day moving average is $14.61.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.02) earnings per share (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 firm had revenue of $27.73 million during the quarter, compared to analysts' expectations of $27.14 million.

Analysts Set New Price Targets

Separately, TD Cowen cut their target price on shares of Boston Omaha from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th.

Institutional Investors Weigh In On Boston Omaha

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Boston Omaha by 104.7% in the first quarter. Jane Street Group LLC now owns 87,917 shares of the company's stock worth $1,282,000 after buying an additional 44,968 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Boston Omaha in the first quarter valued at approximately $176,000. AQR Capital Management LLC raised its stake in Boston Omaha by 6.3% in the first quarter. AQR Capital Management LLC now owns 13,849 shares of the company's stock valued at $202,000 after purchasing an additional 815 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Boston Omaha in the first quarter valued at approximately $4,034,000. Finally, Jump Financial LLC raised its stake in Boston Omaha by 196.8% in the first quarter. Jump Financial LLC now owns 42,113 shares of the company's stock valued at $614,000 after purchasing an additional 27,926 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.