ExodusPoint Capital Management LP Buys 13,417 Shares of Boston Omaha Co. (NYSE:BOC)

ExodusPoint Capital Management LP raised its stake in shares of Boston Omaha Co. (NYSE:BOC) by 110.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,550 shares of the company’s stock after acquiring an additional 13,417 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Boston Omaha were worth $362,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC increased its stake in Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after acquiring an additional 28,632 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Boston Omaha during the 4th quarter worth approximately $795,000. JPMorgan Chase & Co. increased its position in shares of Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after purchasing an additional 25,027 shares during the period. Meixler Investment Management Ltd. raised its stake in shares of Boston Omaha by 38.8% in the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company’s stock valued at $1,441,000 after purchasing an additional 28,424 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Boston Omaha by 19.5% in the fourth quarter. American Century Companies Inc. now owns 42,069 shares of the company’s stock worth $597,000 after purchasing an additional 6,858 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Trading Up 1.5 %

BOC stock opened at $14.32 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a market cap of $450.41 million, a P/E ratio of -43.39 and a beta of 0.84. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.29. The business’s 50 day moving average is $14.39 and its 200-day moving average is $14.60.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The company had revenue of $27.93 million during the quarter, compared to analysts’ expectations of $28.00 million.

Insider Activity at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 8,857 shares of Boston Omaha stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $11.18, for a total value of $99,021.26. Following the completion of the transaction, the insider now owns 10,852,718 shares in the company, valued at approximately $121,333,387.24. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 255,156 shares of company stock valued at $2,984,309 in the last ninety days. Insiders own 23.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday.

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.