Boston Omaha (NYSE:BOC) Stock Rating Reaffirmed by Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Boston Omaha (NYSE:BOC) in a report published on Thursday, Marketbeat Ratings reports. Wells Fargo & Company currently has a $15.00 price objective on the stock, down from their prior price objective of $17.00.

Separately, TD Cowen dropped 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 Stock Performance

Shares of NYSE:BOC opened at $14.92 on Thursday. The company has a market capitalization of $469.37 million, a price-to-earnings ratio of -71.05 and a beta of 0.80. The firm’s 50 day simple moving average is $14.01 and its 200 day simple moving average is $14.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.01 and a quick ratio of 2.01. Boston Omaha has a fifty-two week low of $12.41 and a fifty-two week high of $16.99.

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

Institutional Trading of Boston Omaha

Hedge funds have recently bought and sold shares of the stock. Security National Bank acquired a new stake in Boston Omaha during the 4th quarter worth approximately $44,000. Bfsg LLC grew its stake in shares of Boston Omaha by 84.6% during the 2nd quarter. Bfsg LLC now owns 5,705 shares of the company’s stock worth $77,000 after acquiring an additional 2,615 shares in the last quarter. ORG Partners LLC bought a new position in shares of Boston Omaha during the 2nd quarter worth approximately $130,000. The Manufacturers Life Insurance Company bought a new position in shares of Boston Omaha during the 2nd quarter worth approximately $139,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Boston Omaha during the 2nd quarter worth approximately $141,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Boston Omaha Company 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.