T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Boston Omaha Corporation (NYSE:BOC). This fresh investment now brings its stake to 9.69% valued currently at $73.54 million. In addition, BlackRock Fund Advisors raised its holdings by 47216.0 to 1.27 million shares. And The Vanguard Group, Inc. has lifted its position by 14.97% or 0.13 million shares – to 1.03 million shares.
With over 0.15 million Boston Omaha Corporation (BOC) shares trading Friday and a closing price of $28.07 on the day, the dollar volume was approximately $4.15 million. The shares have shown a positive half year performance of 26.90% and its price on 01/13/23 gained nearly 0.18%. Currently, there are 29.70M common shares owned by the public and among those 27.45M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $40.00 and a low of $34.00. The average price target is 24.14% above its recent price level and an upside to the estimated low will see the stock gain 17.44% over that period. But an upside of 29.83% will see the stock hit the forecast high price target while median target price for the stock is $37.00.
Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 6,600 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 1,420,000 shares.
The top 3 mutual fund holders in Boston Omaha Corporation are T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. T Rowe Price Small Cap Value Fund owns 1.78 million shares of the company’s stock, all valued at over $47.05 million. The company sold 7200.0 shares recently to bring their total holdings to about 6.20% of the shares outstanding. iShares Russell 2000 ETF sold 4941.0 shares to bring its total holdings to over 0.47 million shares at a value of $12.57 million. iShares Russell 2000 ETF now owns shares totaling to 1.66% of the shares outstanding.
However, the script later moved the day high at 28.12, up 0.18%. The company’s stock has a 5-day price change of 4.66% and 18.04% over the past three months. BOC shares are trading 5.92% year to date (YTD), with the 12-month market performance down to -4.75% lower. It has a 12-month low price of $18.68 and touched a high of $30.94 over the same period. BOC has an average intraday trading volume of 75.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.16%, 4.34%, and 14.75% respectively.
Institutional ownership of Boston Omaha Corporation (NYSE: BOC) shares accounts for 66.70% of the company’s 29.70M shares outstanding. Mutual fund holders own 32.89%, while other institutional holders and individual stakeholders account for 47.08% and 19.36% respectively.
It has a market capitalization of $831.99M and a beta (3y monthly) value of 0.74. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.19% over the month.
Analysts forecast that Boston Omaha Corporation (BOC) will achieve an EPS of $0 for the current quarter, $0.01 for the next quarter and -$0.02 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.89 a year ago. Earnings per share for the fiscal year are expected to decrease by -111.00%, and 85.00% over the next financial year.
