Barclays PLC Has $652,000 Stock Position in Boston Omaha Co. (NYSE:BOC)

Barclays PLC boosted its stake in Boston Omaha Co. (NYSE:BOC) by 188.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,830 shares of the company’s stock after purchasing an additional 28,632 shares during the quarter. Barclays PLC owned about 0.14% of Boston Omaha worth $652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Boston Omaha in the 3rd quarter valued at approximately $134,000. The Manufacturers Life Insurance Company acquired a new position in Boston Omaha during the second quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC bought a new stake in Boston Omaha during the second quarter worth $141,000. BNP Paribas Financial Markets lifted its stake in Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $14.66 on Friday. The company’s 50 day moving average price is $14.63 and its two-hundred day moving average price is $14.35. The firm has a market capitalization of $459.73 million, a P/E ratio of -44.41 and a beta of 0.82. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. 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) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm 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%.

Insider Activity

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $12.06, for a total value of $109,468.62. Following the completion of the sale, the insider now directly owns 10,903,830 shares in the company, valued at $131,500,189.80. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 35,150 shares of company stock valued at $422,177 over the last quarter. 23.33% of the stock is owned by company insiders.

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.