Boston Omaha Co. (NYSE:BOC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Boston Omaha Co. (NYSE:BOC) by 58.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,987 shares of the company’s stock after purchasing an additional 9,200 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Boston Omaha were worth $354,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP grew its holdings in Boston Omaha by 33.8% in the fourth quarter. Two Sigma Advisers LP now owns 26,500 shares of the company’s stock valued at $376,000 after purchasing an additional 6,700 shares during the period. Deutsche Bank AG lifted its position in shares of Boston Omaha by 71.4% during the 4th quarter. Deutsche Bank AG now owns 33,962 shares of the company’s stock valued at $482,000 after buying an additional 14,142 shares in the last quarter. Bank of America Corp DE grew its stake in Boston Omaha by 28.9% in the 4th quarter. Bank of America Corp DE now owns 37,933 shares of the company’s stock valued at $538,000 after acquiring an additional 8,511 shares during the period. BNP Paribas Financial Markets increased its holdings in Boston Omaha by 64.1% in the 4th quarter. BNP Paribas Financial Markets now owns 22,109 shares of the company’s stock worth $314,000 after acquiring an additional 8,635 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Boston Omaha by 152.5% in the 4th quarter. Jane Street Group LLC now owns 42,949 shares of the company’s stock worth $609,000 after acquiring an additional 25,942 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Boston Omaha Trading Down 0.7%

BOC stock opened at $13.98 on Friday. The business’s 50-day moving average is $14.70 and its 200 day moving average is $14.56. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.20. The stock has a market cap of $439.71 million, a price-to-earnings ratio of -42.36 and a beta of 0.98. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.73 million during the quarter, compared to analyst estimates of $27.14 million.

Analyst Upgrades and Downgrades

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

Insider Activity at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 45,440 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $12.56, for a total transaction of $570,726.40. Following the completion of the sale, the insider now owns 9,450,982 shares of the company’s stock, valued at $118,704,333.92. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 432,555 shares of company stock valued at $4,897,974. 23.33% of the stock is owned by insiders.

Boston Omaha 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.