Frank H. Kenan II Sells 10,790 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOCGet Rating) Director Frank H. Kenan II sold 10,790 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $25.59, for a total transaction of $276,116.10. Following the completion of the transaction, the director now directly owns 170,876 shares of the company’s stock, valued at $4,372,716.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Boston Omaha Price Performance

Shares of NYSE:BOC opened at $24.71 on Friday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.06. The company has a market cap of $733.89 million, a P/E ratio of -20.09 and a beta of 0.53. The business has a fifty day simple moving average of $25.40 and a 200-day simple moving average of $24.09. Boston Omaha Co. has a 52 week low of $18.68 and a 52 week high of $44.50.

Boston Omaha (NYSE:BOCGet Rating) last released its earnings results on Friday, August 12th. The company reported ($0.39) earnings per share (EPS) for the quarter. The company had revenue of $20.90 million during the quarter, compared to analysts’ expectations of $20.54 million. Boston Omaha had a negative net margin of 53.19% and a negative return on equity of 7.05%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BOC shares. TheStreet cut shares of Boston Omaha from a “c” rating to a “d+” rating in a research note on Monday, August 15th. Wells Fargo & Company cut their price objective on shares of Boston Omaha from $33.00 to $27.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th.

Boston Omaha Company Profile

(Get Rating)

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 investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities.

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