Renaissance Technologies LLC Has $2.60 Million Stock Position in Boston Omaha Co. (NYSE:BOC)

Renaissance Technologies LLC raised its holdings in Boston Omaha Co. (NYSE:BOC) by 333.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 193,100 shares of the company’s stock after acquiring an additional 148,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Boston Omaha were worth $2,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Boston Omaha by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after acquiring an additional 105,152 shares in the last quarter. Private Management Group Inc. increased its stake in Boston Omaha by 268.9% in the second quarter. Private Management Group Inc. now owns 693,746 shares of the company’s stock valued at $9,338,000 after purchasing an additional 505,695 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE raised its holdings in shares of Boston Omaha by 2.7% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 478,492 shares of the company’s stock valued at $6,441,000 after purchasing an additional 12,401 shares during the period. Elgethun Capital Management raised 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 period. Finally, Ironvine Capital Partners LLC boosted its position in shares of Boston Omaha by 18.8% during the 1st quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock worth $6,504,000 after purchasing an additional 66,672 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BOC has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $15.00 target price (down from $17.00) on shares of Boston Omaha in a research report on Thursday, September 19th. TD Cowen decreased their price objective on Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 21st.

Boston Omaha Stock Down 2.0 %

Boston Omaha stock opened at $14.58 on Wednesday. The firm has a market capitalization of $458.67 million, a price-to-earnings ratio of -69.43 and a beta of 0.80. The firm’s fifty day moving average price is $14.13 and its two-hundred day moving average price is $14.48. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06.

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

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.