Boston Omaha (NYSE:BOC) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Boston Omaha in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $13.11 on Friday. The firm’s fifty day simple moving average is $13.99 and its 200-day simple moving average is $12.92. The stock has a market capitalization of $398.54 million, a price-to-earnings ratio of -31.21 and a beta of 0.67. Boston Omaha has a 12 month low of $10.52 and a 12 month high of $15.22. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 2.05.

Boston Omaha (NYSE:BOC) last announced its earnings results on Thursday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $29.50 million. Boston Omaha had a negative return on equity of 2.49% and a negative net margin of 12.12%.

Insider Transactions at Boston Omaha

In other news, Director Frank H. Kenan II purchased 34,719 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $13.37 per share, with a total value of $464,193.03. Following the completion of the acquisition, the director directly owned 299,958 shares of the company’s stock, valued at approximately $4,010,438.46. This trade represents a 13.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey C. Royal acquired 11,046 shares of Boston Omaha stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $12.82 per share, with a total value of $141,609.72. Following the transaction, the director owned 21,046 shares of the company’s stock, valued at $269,809.72. This trade represents a 110.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 81,798 shares of company stock worth $1,064,068. Company insiders own 24.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nitor Capital Management LLC purchased a new position in shares of Boston Omaha in the 4th quarter valued at about $4,581,000. First Manhattan CO. LLC. purchased a new stake in Boston Omaha during the fourth quarter worth about $4,131,000. Arrowstreet Capital Limited Partnership purchased a new stake in Boston Omaha during the second quarter worth about $2,214,000. Jane Street Group LLC grew its position in Boston Omaha by 104.7% during the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after buying an additional 44,968 shares during the period. Finally, Two Sigma Investments LP grew its position in Boston Omaha by 82.8% during the third quarter. Two Sigma Investments LP now owns 96,225 shares of the company’s stock worth $1,259,000 after buying an additional 43,588 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Company Profile

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.