BOSTON OMAHA (NASDAQ:BOMN) Upgraded by TheStreet to C-

TheStreet upgraded shares of BOSTON OMAHA (NASDAQ:BOMN) from a d+ rating to a c- rating in a research report released on Friday morning, TheStreetRatingsTable reports.

Several other research analysts have also recently issued reports on the company. BidaskClub cut BOSTON OMAHA from a hold rating to a sell rating in a report on Tuesday, November 19th. ValuEngine downgraded BOSTON OMAHA from a buy rating to a hold rating in a research report on Tuesday, November 19th.

Shares of BOMN opened at $20.62 on Friday. The company has a quick ratio of 7.44, a current ratio of 7.44 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $21.36 and its 200-day moving average is $21.91. BOSTON OMAHA has a 12-month low of $18.44 and a 12-month high of $28.00.

BOSTON OMAHA (NASDAQ:BOMN) last released its earnings results on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.13. The business had revenue of $10.82 million during the quarter. BOSTON OMAHA had a negative net margin of 23.33% and a negative return on equity of 2.81%.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of BOSTON OMAHA by 458.5% during the second quarter. JPMorgan Chase & Co. now owns 6,881 shares of the company’s stock valued at $155,000 after purchasing an additional 5,649 shares during the last quarter. California State Teachers Retirement System increased its stake in BOSTON OMAHA by 4.0% in the 3rd quarter. California State Teachers Retirement System now owns 16,069 shares of the company’s stock worth $319,000 after purchasing an additional 622 shares in the last quarter. Swiss National Bank acquired a new stake in BOSTON OMAHA during the 2nd quarter worth about $363,000. Athena Capital Advisors LLC acquired a new stake in BOSTON OMAHA during the 2nd quarter worth about $477,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in BOSTON OMAHA by 95.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,452 shares of the company’s stock worth $543,000 after buying an additional 11,452 shares during the period. 82.07% of the stock is currently owned by institutional investors.

About BOSTON OMAHA

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company is also involved in the surety insurance and related brokerage, and investment businesses. As of March 11, 2019, it operated approximately 2,900 billboards containing approximately 5,400 advertising faces of which 61 are digital displays.

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