Renaissance Technologies LLC Sells 109,100 Shares of Boston Omaha Co. (NYSE:BOC)

Renaissance Technologies LLC reduced its holdings in Boston Omaha Co. (NYSE:BOC - Free Report) by 56.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,600 shares of the company's stock after selling 109,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.27% of Boston Omaha worth $1,214,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company's stock valued at $652,000 after purchasing an additional 28,632 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Boston Omaha during the fourth quarter valued at $795,000. JPMorgan Chase & Co. lifted its stake in shares of Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company's stock valued at $1,212,000 after acquiring an additional 25,027 shares during the period. American Century Companies Inc. boosted its holdings in Boston Omaha by 19.5% in the fourth quarter. American Century Companies Inc. now owns 42,069 shares of the company's stock valued at $597,000 after acquiring an additional 6,858 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its position in Boston Omaha by 38.8% in the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company's stock worth $1,441,000 after purchasing an additional 28,424 shares during the period. 60.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 7,806 shares of Boston Omaha stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $11.36, for a total transaction of $88,676.16. Following the transaction, the insider now directly owns 10,713,364 shares of the company's stock, valued at $121,703,815.04. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 273,846 shares of company stock valued at $3,188,251. Corporate insiders own 23.33% of the company's stock.

Boston Omaha Trading Down 0.4 %

Shares of Boston Omaha stock traded down $0.07 on Monday, hitting $15.38. 4,070 shares of the company's stock traded hands, compared to its average volume of 128,895. Boston Omaha Co. has a one year low of $12.41 and a one year 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 stock has a market capitalization of $483.59 million, a PE ratio of -46.59 and a beta of 0.84. The firm's 50-day moving average price is $14.45 and its two-hundred day moving average price is $14.65.

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

Wall Street Analysts Forecast Growth

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

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.