Commonwealth Equity Services LLC Raises Holdings in Boston Omaha Co. (NYSE:BOC)

Commonwealth Equity Services LLC grew its holdings in Boston Omaha Co. (NYSE:BOC – Get Rating) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,077 shares of the company’s stock after buying an additional 3,425 shares during the quarter. Commonwealth Equity Services LLC owned about 0.08% of Boston Omaha worth $638,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Boston Omaha in the 3rd quarter valued at approximately $190,000. Santa Monica Partners LP purchased a new position in Boston Omaha in the 3rd quarter valued at approximately $3,091,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Boston Omaha in the 3rd quarter valued at approximately $37,000. Independent Advisor Alliance purchased a new position in Boston Omaha in the 3rd quarter valued at approximately $213,000. Finally, MetLife Investment Management LLC purchased a new position in Boston Omaha during the third quarter worth $275,000. 63.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boston Omaha

In other Boston Omaha news, Director Jeffrey C. Royal acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $19.23 per share, for a total transaction of $192,300.00. Following the completion of the acquisition, the director now directly owns 21,176 shares of the company’s stock, valued at $407,214.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Brendan Joseph Keating bought 2,972 shares of Boston Omaha stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of $19.21 per share, for a total transaction of $57,092.12. Following the completion of the acquisition, the insider now owns 50,372 shares of the company’s stock, valued at $967,646.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey C. Royal acquired 10,000 shares of Boston Omaha stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $19.23 per share, for a total transaction of $192,300.00. Following the purchase, the director now owns 21,176 shares of the company’s stock, valued at $407,214.48. The disclosure for this purchase can be found here. Insiders own 26.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen raised their price target on Boston Omaha from $40.00 to $41.50 and gave the stock an “outperform” rating in a research report on Friday, March 31st. Wells Fargo & Company dropped their price target on Boston Omaha from $31.00 to $28.00 in a research report on Tuesday.

Boston Omaha Price Performance

BOC stock opened at $19.40 on Friday. Boston Omaha Co. has a 52-week low of $18.68 and a 52-week high of $29.40. The stock’s fifty day simple moving average is $21.27 and its 200-day simple moving average is $24.38. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $607.41 million, a price-to-earnings ratio of -46.19 and a beta of 0.77.

About Boston Omaha

(Get Rating)

Boston Omaha Corp. is a holding company, which engages in the provision of billboards, surety insurance, and insurance brokerage activities. It operates through the Insurance and Billboards segments. The Insurance segment refers to commissions from the firm’s surety brokerage businesses. The Billboards segment includes billboard acquisition and rentals.