Vanguard Group Inc. Raises Position in Boston Omaha Co. (NYSE:BOC)

Vanguard Group Inc. grew its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 2.7% during the third quarter, HoldingsChannel reports. The firm owned 1,208,166 shares of the company’s stock after purchasing an additional 31,530 shares during the quarter. Vanguard Group Inc.’s holdings in Boston Omaha were worth $19,802,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BOC. UBS Group AG purchased a new position in shares of Boston Omaha during the 3rd quarter worth $93,000. Tower Research Capital LLC TRC purchased a new position in shares of Boston Omaha during the 3rd quarter worth $36,000. Credit Suisse AG purchased a new position in shares of Boston Omaha during the 3rd quarter worth $349,000. Nuveen Asset Management LLC purchased a new position in shares of Boston Omaha in the 3rd quarter worth $1,523,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Boston Omaha in the 3rd quarter worth $949,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen cut their target price on Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd.

Boston Omaha Trading Up 0.3 %

Shares of BOC opened at $15.84 on Monday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $496.58 million, a P/E ratio of -68.87 and a beta of 0.77. The stock’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $15.48. Boston Omaha Co. has a twelve month low of $13.55 and a twelve month high of $22.08.

Boston Omaha 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.