Boston Omaha Co. (NYSE:BOC – Get Free Report) major shareholder Omaha Corp Boston sold 3,842 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $11.68, for a total transaction of $44,874.56. Following the completion of the sale, the insider now owns 9,136,174 shares of the company’s stock, valued at $106,710,512.32. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 Wednesday, May 21st, Omaha Corp Boston sold 701 shares of Boston Omaha stock. The shares were sold at an average price of $11.28, for a total transaction of $7,907.28.
- On Monday, May 19th, Omaha Corp Boston sold 31,197 shares of Boston Omaha stock. The shares were 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.
- On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total transaction of $69,685.65.
- On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The stock was sold at an average price of $11.19, for a total transaction of $190,644.03.
- On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The stock was sold at an average price of $11.08, for a total transaction of $115,298.48.
- On Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total transaction of $196,719.32.
- On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The stock was sold at an average price of $11.39, for a total transaction of $145,427.52.
- On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total transaction of $868,453.32.
Boston Omaha Price Performance
Shares of BOC opened at $14.23 on Friday. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.20. The stock has a market cap of $447.58 million, a PE ratio of -43.12 and a beta of 1.01. The firm has a 50-day simple moving average of $14.70 and a two-hundred day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09.
Institutional Investors Weigh In On Boston Omaha
Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha during the fourth quarter valued at about $31,000. Covestor Ltd boosted its stake in shares of Boston Omaha by 143.7% in the first quarter. Covestor Ltd now owns 5,395 shares of the company’s stock valued at $79,000 after purchasing an additional 3,181 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Boston Omaha in the fourth quarter valued at approximately $79,000. AlphaQuest LLC purchased a new position in shares of Boston Omaha in the first quarter valued at approximately $142,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Boston Omaha in the fourth quarter valued at approximately $146,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, TD Cowen cut their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.
View Our Latest Stock Report on BOC
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.
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