Private Management Group Inc. Has $11.08 Million Stock Holdings in Boston Omaha Co. (NYSE:BOC)

Private Management Group Inc. decreased its position in Boston Omaha Co. (NYSE:BOC) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 781,375 shares of the company’s stock after selling 6,207 shares during the period. Private Management Group Inc. owned approximately 2.49% of Boston Omaha worth $11,080,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BOC. Meixler Investment Management Ltd. bought a new position in Boston Omaha during the third quarter worth about $1,089,000. Barclays PLC lifted its holdings in shares of Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after purchasing an additional 28,632 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Boston Omaha by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after purchasing an additional 25,027 shares during the period. State Street Corp increased its stake in Boston Omaha by 1.9% during the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock worth $7,319,000 after purchasing an additional 9,073 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Boston Omaha during the 2nd quarter worth approximately $139,000. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Performance

Shares of BOC opened at $14.41 on Thursday. The firm’s 50 day moving average price is $14.51 and its two-hundred day moving average price is $14.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99. The firm has a market cap of $451.98 million, a P/E ratio of -43.66 and a beta of 0.82.

Boston Omaha (NYSE:BOC) last announced its earnings results 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). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The company had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million.

Insider Transactions at Boston Omaha

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 9,077 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 10,903,830 shares in the company, valued at approximately $131,500,189.80. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 108,868 shares of company stock valued at $1,253,412 over the last three months. Company insiders own 23.33% of the company’s stock.

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.