Boston Omaha Co. (NYSE:BOC) Holdings Raised by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Boston Omaha Co. (NYSE:BOC) by 4.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,908 shares of the company’s stock after buying an additional 1,822 shares during the period. Rhumbline Advisers owned 0.13% of Boston Omaha worth $537,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BOC. Commonwealth Equity Services LLC boosted its holdings in shares of Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after acquiring an additional 925 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE lifted its position in Boston Omaha by 2.7% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 478,492 shares of the company’s stock worth $6,441,000 after purchasing an additional 12,401 shares during the period. Bfsg LLC boosted its stake in Boston Omaha by 84.6% during the 2nd quarter. Bfsg LLC now owns 5,705 shares of the company’s stock valued at $77,000 after purchasing an additional 2,615 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Boston Omaha by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 83,020 shares of the company’s stock valued at $1,117,000 after purchasing an additional 10,828 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Boston Omaha during the 2nd quarter valued at $130,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Price Performance

NYSE BOC opened at $14.56 on Thursday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The business’s fifty day moving average is $14.06 and its two-hundred day moving average is $14.52. The stock has a market capitalization of $458.06 million, a P/E ratio of -69.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 2.01.

Boston Omaha (NYSE:BOC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Boston Omaha had a negative return on equity of 1.74% and a negative net margin of 10.08%. The company had revenue of $27.09 million for the quarter, compared to analyst estimates of $27.10 million.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 target price (down previously from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th. TD Cowen cut their price target on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 21st.

About Boston Omaha

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.