Boston Omaha (NYSE:BOC) Stock Price Up 0.3% – Here’s Why

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

Analyst Ratings Changes

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

Boston Omaha Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 2.07. The business’s 50 day moving average is $12.67 and its 200 day moving average is $13.06.

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

Institutional Investors Weigh In On Boston Omaha

A number of institutional investors have recently bought and sold shares of BOC. AQR Capital Management LLC increased its holdings in shares of Boston Omaha by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock valued at $202,000 after purchasing an additional 815 shares during the period. Raymond James Financial Inc. increased its stake in Boston Omaha by 6.1% in the 2nd quarter. Raymond James Financial Inc. now owns 14,763 shares of the company’s stock valued at $207,000 after buying an additional 843 shares during the period. Flagstone Financial Management boosted its stake in shares of Boston Omaha by 9.3% during the 2nd quarter. Flagstone Financial Management now owns 17,615 shares of the company’s stock valued at $247,000 after buying an additional 1,500 shares during the period. Alpha Cubed Investments LLC increased its stake in shares of Boston Omaha by 6.1% in the third quarter. Alpha Cubed Investments LLC now owns 52,072 shares of the company’s stock worth $681,000 after acquiring an additional 2,997 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in shares of Boston Omaha by 15.0% during the third quarter. Aquatic Capital Management LLC now owns 23,793 shares of the company’s stock worth $311,000 after acquiring an additional 3,101 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.