Boston Omaha (NYSE:BOC) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Boston Omaha (NYSE:BOC) from a sell rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Boston Omaha in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Boston Omaha Price Performance

Shares of BOC stock opened at $13.94 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $423.62 million, a P/E ratio of -33.18 and a beta of 0.67. The company’s 50-day simple moving average is $13.99 and its two-hundred day simple moving average is $12.91. Boston Omaha has a one year low of $10.52 and a one year high of $15.22.

Boston Omaha (NYSE:BOC) last issued its earnings results on Thursday, August 13th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Boston Omaha had a negative return on equity of 2.46% and a negative net margin of 12.12%.The company had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $29.50 million.

Insider Transactions at Boston Omaha

In other Boston Omaha news, Director Jeffrey C. Royal bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $12.72 per share, with a total value of $127,200.00. Following the transaction, the director owned 69,644 shares of the company’s stock, valued at approximately $885,871.68. This trade represents a 16.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank H. Kenan II purchased 6,033 shares of Boston Omaha stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $12.89 per share, with a total value of $77,765.37. Following the acquisition, the director owned 315,991 shares in the company, valued at approximately $4,073,123.99. This represents a 1.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 81,798 shares of company stock valued at $1,064,068. 24.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently modified their holdings of the business. Elgethun Capital Management raised its stake in Boston Omaha by 1.9% in the fourth quarter. Elgethun Capital Management now owns 1,453,842 shares of the company’s stock worth $17,984,000 after buying an additional 27,234 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Boston Omaha by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 519,999 shares of the company’s stock worth $6,434,000 after buying an additional 4,435 shares during the period. State Street Corp boosted its position in Boston Omaha by 0.3% during the 4th quarter. State Street Corp now owns 468,665 shares of the company’s stock valued at $5,797,000 after acquiring an additional 1,425 shares in the last quarter. Stevens Capital Partners boosted its position in Boston Omaha by 4.8% during the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock valued at $5,333,000 after acquiring an additional 20,807 shares in the last quarter. Finally, Nitor Capital Management LLC purchased a new stake in shares of Boston Omaha during the 4th quarter worth $4,581,000. 60.36% of the stock is currently owned by institutional investors.

About Boston Omaha

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.