UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Boston Omaha Co. (NYSE:BOC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Boston Omaha Co. (NYSE:BOC) by 19.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,787 shares of the company’s stock after selling 3,803 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Boston Omaha were worth $235,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bfsg LLC lifted its stake in shares of Boston Omaha by 84.6% in the 2nd quarter. Bfsg LLC now owns 5,705 shares of the company’s stock valued at $77,000 after purchasing an additional 2,615 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Boston Omaha during the 3rd quarter valued at $134,000. The Manufacturers Life Insurance Company bought a new stake in Boston Omaha in the second quarter worth $139,000. Susquehanna Fundamental Investments LLC purchased a new position in Boston Omaha during the second quarter worth $141,000. Finally, BNP Paribas Financial Markets increased its position in Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the last quarter. 60.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company restated an “equal weight” rating and issued a $15.00 target price (down previously from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Boston Omaha Trading Down 0.6 %

BOC opened at $14.32 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The stock’s 50 day moving average price is $15.02 and its 200-day moving average price is $14.33. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.99. The stock has a market cap of $449.28 million, a price-to-earnings ratio of -43.39 and a beta of 0.80.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The business had revenue of $27.70 million during the quarter, compared to the consensus estimate of $27.20 million.

About Boston Omaha

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.