Boston Omaha Corporation $BOC Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC cut its holdings in Boston Omaha Corporation (NYSE:BOC) by 67.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,085 shares of the company’s stock after selling 65,557 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.10% of Boston Omaha worth $420,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Stevens Capital Partners purchased a new position in shares of Boston Omaha during the 3rd quarter worth approximately $5,698,000. Elgethun Capital Management raised its holdings in shares of Boston Omaha by 36.1% in the third quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock worth $18,632,000 after acquiring an additional 378,624 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Boston Omaha in the second quarter valued at $2,214,000. Jane Street Group LLC lifted its position in shares of Boston Omaha by 104.7% in the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock valued at $1,282,000 after acquiring an additional 44,968 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Boston Omaha by 82.8% during the third quarter. Two Sigma Investments LP now owns 96,225 shares of the company’s stock valued at $1,259,000 after acquiring an additional 43,588 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Boston Omaha in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.00.

Boston Omaha Trading Up 1.1%

BOC opened at $12.29 on Tuesday. The firm has a 50 day moving average price of $12.42 and a 200 day moving average price of $12.85. Boston Omaha Corporation has a 1 year low of $11.30 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 2.07.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.