Millennium Management LLC Decreases Stake in Boston Omaha Co. (NYSE:BOC)

Millennium Management LLC lowered its position in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,079 shares of the company's stock after selling 28,791 shares during the quarter. Millennium Management LLC owned 0.12% of Boston Omaha worth $512,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Boston Omaha by 4.4% during the 4th quarter. Rhumbline Advisers now owns 39,528 shares of the company's stock worth $560,000 after acquiring an additional 1,666 shares during the period. SG Americas Securities LLC increased its stake in Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock valued at $154,000 after acquiring an additional 1,837 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Boston Omaha by 13.5% during the 4th quarter. Wells Fargo & Company MN now owns 18,317 shares of the company's stock worth $260,000 after buying an additional 2,175 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha in the 4th quarter valued at approximately $31,000. Finally, Barclays PLC boosted its holdings in shares of Boston Omaha by 9.8% during the 4th quarter. Barclays PLC now owns 48,142 shares of the company's stock valued at $682,000 after acquiring an additional 4,312 shares in the last quarter. Institutional investors own 60.36% of the company's stock.

Boston Omaha Stock Performance

Shares of Boston Omaha stock traded down $0.10 on Thursday, reaching $13.98. 115,049 shares of the company traded hands, compared to its average volume of 135,651. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.20. 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 50 day moving average of $14.70 and a 200 day moving average of $14.57. The firm has a market capitalization of $439.71 million, a PE ratio of -42.36 and a beta of 0.98.

Boston Omaha (NYSE:BOC - Get Free Report) last posted 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 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.

Insider Activity at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 30,197 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $13.29, for a total transaction of $401,318.13. Following the transaction, the insider now directly owns 9,506,869 shares of the company's stock, valued at $126,346,289.01. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 432,555 shares of company stock worth $4,897,974 in the last ninety days. 23.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price target 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.

Boston Omaha 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.