Jane Street Group LLC Cuts Stock Holdings in Boston Omaha Co. (NYSE:BOC)

Jane Street Group LLC trimmed its position in shares of Boston Omaha Co. (NYSE:BOC) by 67.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,007 shares of the company’s stock after selling 35,561 shares during the quarter. Jane Street Group LLC’s holdings in Boston Omaha were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Boston Omaha during the 3rd quarter worth $134,000. The Manufacturers Life Insurance Company bought a new stake in shares of Boston Omaha during the 2nd quarter worth $139,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Boston Omaha during the 2nd quarter worth $141,000. BNP Paribas Financial Markets raised its stake in shares of Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after purchasing an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake 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. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 15,904 shares of the company’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 value of $194,187.84. Following the completion of the sale, the insider now owns 10,912,907 shares of the company’s stock, valued at $133,246,594.47. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 35,150 shares of company stock valued at $422,177 over the last quarter. 23.33% of the stock is owned by corporate insiders.

Boston Omaha Stock Down 0.2 %

Shares of NYSE BOC opened at $13.63 on Friday. Boston Omaha Co. has a 12 month low of $12.41 and a 12 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. The firm has a market capitalization of $427.63 million, a price-to-earnings ratio of -41.30 and a beta of 0.82. The business has a 50-day moving average of $14.74 and a 200-day moving average of $14.34.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data 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 business had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

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.