Boston Omaha (NYSE:BOC) Stock Price Up 0.3% – What’s Next?

Boston Omaha Corporation (NYSE:BOC) was up 0.3% during trading on Tuesday . The company traded as high as $12.24 and last traded at $12.17. Approximately 164,397 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 137,802 shares. The stock had previously closed at $12.13.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Boston Omaha in a 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’s stock. According to data from MarketBeat.com, Boston Omaha currently has a consensus rating of “Hold” and an average target price of $25.00.

Boston Omaha Stock Performance

The company has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $13.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.08.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Boston Omaha had a negative net margin of 0.21% and a negative return on equity of 0.04%. The company had revenue of $28.21 million for the quarter, compared to analyst estimates of $28.85 million.

Institutional Trading of Boston Omaha

A number of institutional investors and hedge funds have recently modified their holdings of the company. Elgethun Capital Management grew its stake in Boston Omaha by 36.1% in the 3rd quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock valued at $18,632,000 after buying an additional 378,624 shares during the last quarter. Fenimore Asset Management Inc boosted its holdings in Boston Omaha by 0.6% during the second quarter. Fenimore Asset Management Inc now owns 953,077 shares of the company’s stock valued at $13,381,000 after acquiring an additional 5,280 shares during the period. Lawson Kroeker Investment Management Inc. NE grew its position in shares of Boston Omaha by 1.2% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 481,345 shares of the company’s stock valued at $6,758,000 after purchasing an additional 5,550 shares during the last quarter. Stevens Capital Partners bought a new position in shares of Boston Omaha in the third quarter worth about $5,698,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Boston Omaha by 28.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 202,341 shares of the company’s stock worth $2,647,000 after purchasing an additional 44,653 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.