Barclays PLC Grows Stock Holdings in Boston Omaha Co. (NYSE:BOC)

Barclays PLC grew its stake in Boston Omaha Co. (NYSE:BOC) by 188.4% in the third quarter, Holdings Channel.com reports. The firm owned 43,830 shares of the company’s stock after acquiring an additional 28,632 shares during the quarter. Barclays PLC’s holdings in Boston Omaha were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings 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. Rhumbline Advisers raised its stake in shares of Boston Omaha by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after acquiring an additional 1,822 shares during the period. American Century Companies Inc. raised its stake in shares of Boston Omaha by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock valued at $368,000 after acquiring an additional 4,599 shares during the period. Pecaut & CO. lifted its holdings in shares of Boston Omaha by 20.1% in the 2nd quarter. Pecaut & CO. now owns 29,900 shares of the company’s stock worth $402,000 after acquiring an additional 5,000 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after purchasing an additional 5,107 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Insider Buying and Selling at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 9,077 shares of the business’s 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 transaction, the insider now directly owns 10,903,830 shares of the company’s stock, valued at $131,500,189.80. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Boston Omaha Price Performance

BOC stock opened at $14.18 on Thursday. The business has a 50 day simple moving average of $14.92 and a 200-day simple moving average of $14.35. The company has a market capitalization of $444.88 million, a P/E ratio of -42.97 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. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $27.20 million.

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.