JPMorgan Chase & Co. Grows Stock Holdings in Boston Omaha Co. (NYSE:BOC)

JPMorgan Chase & Co. raised its position in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,827 shares of the company's stock after buying an additional 47,351 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of Boston Omaha worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Boston Omaha by 188.4% in the third quarter. Barclays PLC now owns 43,830 shares of the company's stock worth $652,000 after acquiring an additional 28,632 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Boston Omaha in the 4th quarter worth approximately $795,000. American Century Companies Inc. grew its position in Boston Omaha by 19.5% during the 4th quarter. American Century Companies Inc. now owns 42,069 shares of the company's stock worth $597,000 after purchasing an additional 6,858 shares during the last quarter. Meixler Investment Management Ltd. increased its stake in Boston Omaha by 38.8% during the 4th quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company's stock valued at $1,441,000 after purchasing an additional 28,424 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Boston Omaha by 1.9% in the third quarter. State Street Corp now owns 492,192 shares of the company's stock worth $7,319,000 after buying an additional 9,073 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, major shareholder Omaha Corp Boston sold 7,806 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $11.36, for a total transaction of $88,676.16. Following the completion of the transaction, the insider now owns 10,713,364 shares in the company, valued at $121,703,815.04. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 278,251 shares of company stock worth $3,236,838. Company insiders own 23.33% of the company's stock.

Boston Omaha Stock Performance

Shares of BOC traded down $0.05 during trading hours on Wednesday, hitting $15.59. The stock had a trading volume of 118,637 shares, compared to its average volume of 150,333. The firm has a market capitalization of $490.35 million, a price-to-earnings ratio of -47.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $14.64. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.20.

Boston Omaha (NYSE:BOC - Get Free Report) last posted its earnings results on Friday, March 28th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.19. The firm had revenue of $27.93 million for the quarter, compared to analysts' expectations of $28.00 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

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.