Boston Omaha’s (BOC) “Equal Weight” Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of Boston Omaha (NYSE:BOC) in a research report sent to investors on Thursday morning, MarketBeat.com reports. They currently have a $15.00 price target on the stock, down from their prior price target of $17.00.

Separately, TD Cowen decreased their price objective on shares of 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 Performance

BOC stock opened at $14.92 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $469.37 million, a price-to-earnings ratio of -71.05 and a beta of 0.80. Boston Omaha has a 12 month low of $12.41 and a 12 month high of $16.99. The firm has a 50 day moving average of $14.01 and a two-hundred day moving average of $14.54.

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

Hedge Funds Weigh In On Boston Omaha

Several large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares during the last quarter. EntryPoint Capital LLC raised its stake in Boston Omaha by 6.9% during the 1st quarter. EntryPoint Capital LLC now owns 15,011 shares of the company’s stock valued at $232,000 after purchasing an additional 966 shares during the last quarter. Rhumbline Advisers raised its stake in Boston Omaha by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after purchasing an additional 1,822 shares during the last quarter. Bfsg LLC raised its stake in Boston Omaha by 84.6% during 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. Finally, Jump Financial LLC raised its stake in Boston Omaha by 20.7% during the 4th quarter. Jump Financial LLC now owns 15,930 shares of the company’s stock valued at $251,000 after purchasing an additional 2,730 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.