Millennium Management LLC Sells 28,791 Shares of Boston Omaha Co. (NYSE:BOC)

Millennium Management LLC trimmed its position in Boston Omaha Co. (NYSE:BOC - Free Report) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,079 shares of the company's stock after selling 28,791 shares during the quarter. Millennium Management LLC owned about 0.12% of Boston Omaha worth $512,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Boston Omaha by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company's stock worth $20,860,000 after acquiring an additional 85,000 shares in the last quarter. Elgethun Capital Management grew its position in Boston Omaha by 16.4% in the fourth quarter. Elgethun Capital Management now owns 559,485 shares of the company's stock worth $7,933,000 after acquiring an additional 78,662 shares in the last quarter. Ironvine Capital Partners LLC grew its position in Boston Omaha by 2.0% in the fourth quarter. Ironvine Capital Partners LLC now owns 495,791 shares of the company's stock worth $7,030,000 after acquiring an additional 9,646 shares in the last quarter. Northern Trust Corp boosted its position in shares of Boston Omaha by 9.0% during the fourth quarter. Northern Trust Corp now owns 221,758 shares of the company's stock valued at $3,145,000 after buying an additional 18,336 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Boston Omaha by 58.1% during the fourth quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company's stock valued at $1,827,000 after buying an additional 47,351 shares during the period. 60.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen dropped their target price 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.

Boston Omaha Stock Up 1.0%

Shares of NYSE:BOC opened at $14.12 on Monday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.20. The business has a 50 day simple moving average of $14.72 and a two-hundred day simple moving average of $14.58. The firm has a market capitalization of $443.96 million, a PE ratio of -42.77 and a beta of 0.98. 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 announced its earnings results on Wednesday, May 14th. The company reported ($0.02) earnings per share (EPS) 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 analysts' expectations of $27.14 million.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 45,440 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $12.56, for a total value of $570,726.40. Following the completion of the transaction, the insider now owns 9,450,982 shares of the company's stock, valued at $118,704,333.92. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 432,555 shares of company stock valued at $4,897,974 over the last 90 days. Corporate insiders own 23.33% of the company's stock.

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.

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