Boston Omaha (NYSE:BOC) Receives “Equal Weight” Rating from Wells Fargo & Company

Wells Fargo & Company reissued their equal weight rating on shares of Boston Omaha (NYSE:BOC) in a research note published on Thursday morning, MarketBeat reports. The firm currently has a $15.00 price target on the stock, down from their previous price target of $17.00.

Separately, TD Cowen lowered their target price on shares of Boston Omaha from $30.00 to $28.00 and set a buy rating on the stock in a report on Wednesday, August 21st.

Boston Omaha Trading Up 0.3 %

Shares of BOC stock opened at $14.92 on Thursday. Boston Omaha has a 52-week low of $12.41 and a 52-week high of $16.99. The stock has a market cap of $469.37 million, a price-to-earnings ratio of -71.05 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. The firm has a fifty day moving average of $14.01 and a 200-day moving average of $14.54.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data 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 net margin of 10.08% and a negative return on equity of 1.74%. The business had revenue of $27.09 million during the quarter, compared to analyst estimates of $27.10 million.

Institutional Investors Weigh In On Boston Omaha

Large investors have recently made changes to their positions in the company. Private Management Group Inc. bought a new stake in shares of Boston Omaha in the 1st quarter worth about $2,907,000. Compass Ion Advisors LLC bought a new stake in Boston Omaha during the 1st quarter worth about $172,000. Lokken Investment Group LLC grew its holdings in Boston Omaha by 43.8% during the 4th quarter. Lokken Investment Group LLC now owns 16,423 shares of the company’s stock worth $258,000 after acquiring an additional 5,000 shares during the last quarter. Security National Bank bought a new stake in Boston Omaha during the 4th quarter worth about $44,000. Finally, BNP Paribas Financial Markets grew its holdings in Boston Omaha by 82.6% during the 1st quarter. BNP Paribas Financial Markets now owns 11,535 shares of the company’s stock worth $178,000 after acquiring an additional 5,217 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

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.