Geode Capital Management LLC Raises Holdings in Boston Omaha Co. (NYSE:BOC)

Geode Capital Management LLC boosted its position in shares of Boston Omaha Co. (NYSE:BOC) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 533,777 shares of the company’s stock after buying an additional 21,682 shares during the quarter. Geode Capital Management LLC owned approximately 1.70% of Boston Omaha worth $7,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Boston Omaha in the third quarter worth approximately $134,000. The Manufacturers Life Insurance Company acquired a new position in Boston Omaha in the second quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Boston Omaha in the 2nd quarter valued at $141,000. BNP Paribas Financial Markets boosted 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 buying an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after purchasing an additional 925 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analysts Set New Price Targets

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

Boston Omaha Price Performance

Shares of BOC opened at $14.04 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $14.35. The firm has a market capitalization of $440.49 million, a price-to-earnings ratio of -42.54 and a beta of 0.80. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99.

Boston Omaha (NYSE:BOC) last announced 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 during 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%.

Insider Buying and Selling at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 15,904 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 10,912,907 shares of the company’s stock, valued at $133,246,594.47. The trade was a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.