Boston Omaha Co. (NYSE:BOC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Boston Omaha Co. (NYSE:BOC) by 58.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,827 shares of the company’s stock after acquiring an additional 47,351 shares during the period. JPMorgan Chase & Co. owned 0.41% of Boston Omaha worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fenimore Asset Management Inc lifted its position in Boston Omaha by 0.3% in the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock worth $13,303,000 after purchasing an additional 2,455 shares during the period. Geode Capital Management LLC raised its stake in shares of Boston Omaha by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after buying an additional 21,682 shares in the last quarter. State Street Corp lifted its holdings in shares of Boston Omaha by 1.9% in the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after buying an additional 9,073 shares during the period. Meixler Investment Management Ltd. boosted its stake in Boston Omaha by 38.8% during the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company’s stock valued at $1,441,000 after buying an additional 28,424 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Boston Omaha during the fourth quarter worth about $795,000. 60.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut their price target on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Boston Omaha Trading Up 2.3 %

Boston Omaha stock opened at $15.47 on Friday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.29. The firm’s 50 day moving average price is $14.36 and its two-hundred day moving average price is $14.61. The firm has a market cap of $486.42 million, a price-to-earnings ratio of -46.86 and a beta of 0.84. 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 (NYSE:BOC) last issued its earnings results on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The business had revenue of $27.93 million for the quarter, compared to analysts’ expectations of $28.00 million.

Insiders Place Their Bets

In other news, major shareholder Omaha Corp Boston sold 78,522 shares of the firm’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $11.06, for a total value 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 trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have sold 272,401 shares of company stock worth $3,179,907. 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.