Goldman Sachs Group Inc. Sells 16,440 Shares of Boston Omaha Corporation $BOC

Goldman Sachs Group Inc. trimmed its position in Boston Omaha Corporation (NYSE:BOC) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,513 shares of the company’s stock after selling 16,440 shares during the period. Goldman Sachs Group Inc. owned 0.28% of Boston Omaha worth $1,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elgethun Capital Management grew its stake in shares of Boston Omaha by 80.4% in the first quarter. Elgethun Capital Management now owns 1,009,471 shares of the company’s stock worth $14,718,000 after acquiring an additional 449,986 shares during the last quarter. Fenimore Asset Management Inc boosted its position in shares of Boston Omaha by 1.0% during the first quarter. Fenimore Asset Management Inc now owns 947,797 shares of the company’s stock valued at $13,819,000 after buying an additional 9,635 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Boston Omaha during the first quarter valued at $4,034,000. Northern Trust Corp boosted its position in shares of Boston Omaha by 9.0% during the fourth quarter. Northern Trust Corp now owns 221,758 shares of the company’s stock valued at $3,145,000 after buying an additional 18,336 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Boston Omaha by 7.5% during the first quarter. Brandywine Global Investment Management LLC now owns 112,250 shares of the company’s stock valued at $1,637,000 after buying an additional 7,800 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Boston Omaha from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Boston Omaha has an average rating of “Buy” and an average target price of $25.00.

Boston Omaha Trading Down 2.5%

Shares of NYSE:BOC opened at $13.16 on Friday. Boston Omaha Corporation has a 52-week low of $12.27 and a 52-week high of $16.20. The stock has a market cap of $413.88 million, a price-to-earnings ratio of 438.81 and a beta of 0.99. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $13.37 and a 200-day moving average price of $14.06.

Boston Omaha (NYSE:BOC) last posted its earnings results on Wednesday, August 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $29.39 million. Boston Omaha had a return on equity of 0.14% and a net margin of 0.68%.

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.