Boston Omaha Corporation $BOC Stock Holdings Lifted by Elgethun Capital Management

Elgethun Capital Management raised its position in shares of Boston Omaha Corporation (NYSE:BOC) by 36.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,426,608 shares of the company’s stock after purchasing an additional 378,624 shares during the quarter. Boston Omaha accounts for approximately 3.4% of Elgethun Capital Management’s holdings, making the stock its 6th biggest position. Elgethun Capital Management’s holdings in Boston Omaha were worth $18,632,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. State of Wyoming purchased a new position in shares of Boston Omaha in the second quarter worth approximately $50,000. Cornerstone Investment Partners LLC purchased a new stake in Boston Omaha during the third quarter valued at approximately $165,000. Covestor Ltd raised its position in Boston Omaha by 47.3% in the third quarter. Covestor Ltd now owns 13,066 shares of the company’s stock worth $171,000 after acquiring an additional 4,194 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Boston Omaha in the first quarter worth approximately $176,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Boston Omaha by 598.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,964 shares of the company’s stock worth $196,000 after acquiring an additional 12,823 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Performance

NYSE BOC opened at $12.19 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $12.43 and a 200-day moving average price of $12.87. Boston Omaha Corporation has a twelve month low of $11.30 and a twelve month high of $15.75.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Boston Omaha in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Boston Omaha currently has an average rating of “Hold” and a consensus price target of $25.00.

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.