Boston Omaha Co. (NYSE:BOC) Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in shares of Boston Omaha Co. (NYSE:BOC) by 4.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,449 shares of the company’s stock after buying an additional 925 shares during the period. Commonwealth Equity Services LLC’s holdings in Boston Omaha were worth $289,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Private Management Group Inc. purchased a new stake in shares of Boston Omaha during the first quarter valued at $2,907,000. Elgethun Capital Management lifted its holdings in shares of Boston Omaha by 40.2% during the first quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock valued at $6,857,000 after purchasing an additional 127,652 shares during the last quarter. Ironvine Capital Partners LLC lifted its stake in Boston Omaha by 18.8% in the 1st quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock worth $6,504,000 after acquiring an additional 66,672 shares in the last quarter. Trexquant Investment LP lifted its stake in Boston Omaha by 167.3% in the 4th quarter. Trexquant Investment LP now owns 44,431 shares of the company’s stock worth $699,000 after acquiring an additional 27,811 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Boston Omaha in the 1st quarter worth about $302,000. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Down 0.9 %

Shares of Boston Omaha stock opened at $14.94 on Wednesday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The stock has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.52. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06. The company has a market cap of $470.00 million, a P/E ratio of -71.14 and a beta of 0.80.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Boston Omaha had a negative return on equity of 1.74% and a negative net margin of 10.08%. The firm had revenue of $27.09 million for the quarter, compared to analysts’ expectations of $27.10 million.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen reduced their price objective on Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

Boston Omaha Company 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.