Barclays PLC Acquires 28,632 Shares of Boston Omaha Co. (NYSE:BOC)

Barclays PLC boosted its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 188.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,830 shares of the company’s stock after buying an additional 28,632 shares during the quarter. Barclays PLC owned approximately 0.14% of Boston Omaha worth $652,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Boston Omaha during the third quarter valued at approximately $134,000. The Manufacturers Life Insurance Company bought a new stake in shares of Boston Omaha during the 2nd quarter valued at $139,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Boston Omaha during the 2nd quarter valued at $141,000. BNP Paribas Financial Markets boosted its holdings in Boston Omaha by 61.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after buying an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after buying an additional 925 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors.

Insider Activity

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 15,904 shares of Boston Omaha stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84. Following the completion of the sale, the insider now owns 10,912,907 shares of the company’s stock, valued at approximately $133,246,594.47. The trade was a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.33% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Boston Omaha Trading Down 0.6 %

BOC stock opened at $14.18 on Thursday. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99. The stock has a market capitalization of $444.88 million, a price-to-earnings ratio of -42.97 and a beta of 0.80. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $14.35.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 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.