American Century Companies Inc. Boosts Stock Position in Boston Omaha Co. (NYSE:BOC)

American Century Companies Inc. raised its stake in shares of Boston Omaha Co. (NYSE:BOC) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,069 shares of the company’s stock after buying an additional 6,858 shares during the quarter. American Century Companies Inc. owned about 0.13% of Boston Omaha worth $597,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Boston Omaha during the fourth quarter valued at $31,000. SG Americas Securities LLC increased its stake in Boston Omaha by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock valued at $154,000 after purchasing an additional 1,837 shares in the last quarter. Intech Investment Management LLC bought a new stake in Boston Omaha during the 4th quarter valued at about $192,000. Raymond James Financial Inc. purchased a new position in Boston Omaha in the fourth quarter worth about $194,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Boston Omaha by 61.0% in 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 in the last quarter. 60.36% of the stock is owned by institutional investors.

Boston Omaha Price Performance

NYSE BOC opened at $14.32 on Friday. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.29. The stock has a 50-day moving average of $14.39 and a 200 day moving average of $14.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $450.41 million, a price-to-earnings ratio of -43.39 and a beta of 0.84.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings results on Friday, March 28th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The firm had revenue of $27.93 million during the quarter, compared to analyst estimates of $28.00 million.

Analyst Ratings Changes

Separately, TD Cowen lowered their price objective on Boston Omaha from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday.

Insiders Place Their Bets

In other news, major shareholder Omaha Corp Boston sold 78,522 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $11.06, for a total transaction of $868,453.32. Following the completion of the sale, the insider now owns 9,359,724 shares of the company’s stock, valued at $103,518,547.44. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 255,156 shares of company stock valued at $2,984,309. Company insiders own 23.33% of the company’s stock.

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.