UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,803 Shares of Boston Omaha Co. (NYSE:BOC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Boston Omaha Co. (NYSE:BOC) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,787 shares of the company’s stock after selling 3,803 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Boston Omaha worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Meixler Investment Management Ltd. purchased a new position in Boston Omaha during the third quarter valued at approximately $1,089,000. Private Management Group Inc. increased its stake in shares of Boston Omaha by 13.5% in the third quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after purchasing an additional 93,836 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Boston Omaha by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after purchasing an additional 148,600 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Boston Omaha during the 2nd quarter valued at $139,000. Finally, Rhumbline Advisers lifted its stake in shares of Boston Omaha by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after buying an additional 1,822 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reiterated an “equal weight” rating and issued a $15.00 price target (down previously from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

Boston Omaha Trading Down 0.6 %

Shares of BOC opened at $14.32 on Friday. The firm has a market cap of $449.28 million, a P/E ratio of -43.39 and a beta of 0.80. 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 Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The company has a 50 day simple moving average of $15.02 and a two-hundred day simple moving average of $14.33.

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