Omaha Corp Boston Sells 12,136 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 12,136 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $10.69, for a total value of $129,733.84. Following the transaction, the insider now directly owns 9,068,793 shares of the company's stock, valued at approximately $96,945,397.17. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares 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 transaction of $544,241.70.
• On Thursday, May 29th, Omaha Corp Boston sold 18,291 shares of Boston Omaha stock. The stock was sold at an average price of $10.79, for a total transaction of $197,359.89.
• 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 stock was 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 shares were 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 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 transaction 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 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.

Boston Omaha Trading Down 0.3%

NYSE:BOC traded down $0.04 during trading hours on Tuesday, hitting $14.19. The company had a trading volume of 101,493 shares, compared to its average volume of 139,300. 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 $446.35 million, a P/E ratio of -43.00 and a beta of 1.01. The company has a 50-day moving average of $14.75 and a 200 day moving average of $14.59. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

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 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 firm had revenue of $27.73 million for the quarter, compared to analyst estimates of $27.14 million.

Hedge Funds Weigh In On Boston Omaha

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

Analysts Set New Price Targets

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

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.