JPMorgan Chase & Co. Raises Holdings in Boston Omaha Co. (NYSE:BOC)

JPMorgan Chase & Co. raised its position in shares of Boston Omaha Co. (NYSE:BOC) by 44.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,476 shares of the company’s stock after acquiring an additional 25,027 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Boston Omaha worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. acquired a new position in shares of Boston Omaha during the third quarter worth $1,089,000. Private Management Group Inc. increased its stake in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after buying an additional 93,836 shares during the period. Barclays PLC lifted its holdings in Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after buying an additional 28,632 shares in the last quarter. State Street Corp grew its stake in shares of Boston Omaha by 1.9% during the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after acquiring an additional 9,073 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Boston Omaha by 333.9% during the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after acquiring an additional 148,600 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 15,904 shares of the stock in a transaction on 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 transaction, the insider now directly owns 10,912,907 shares of the company’s stock, valued at approximately $133,246,594.47. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 81,239 shares of company stock valued at $944,354 over the last three months. Company insiders own 23.33% of the company’s stock.

Boston Omaha Price Performance

Shares of NYSE BOC opened at $14.58 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The business has a 50 day moving average price of $14.55 and a two-hundred day moving average price of $14.43. The firm has a market cap of $457.22 million, a PE ratio of -44.17 and a beta of 0.82.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

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.