Boston Omaha Co. (NYSE:BOC – Get Rating) shares saw unusually-strong trading volume on Tuesday . Approximately 5,201 shares were traded during mid-day trading, a decline of 93% from the previous session's volume of 77,730 shares.The stock last traded at $28.05 and had previously closed at $28.07.
Analysts Set New Price Targets
Several brokerages recently commented on BOC. Cowen upped their target price on Boston Omaha to $40.00 in a research report on Thursday, November 17th. TheStreet upgraded Boston Omaha from a "d+" rating to a "c-" rating in a report on Thursday, December 8th. Finally, Wells Fargo & Company increased their price target on Boston Omaha from $27.00 to $34.00 and gave the company an "overweight" rating in a research report on Tuesday, November 1st.
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Boston Omaha Stock Performance
The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $26.87 and a 200-day moving average of $25.63. The company has a market cap of $825.96 million, a PE ratio of -71.79 and a beta of 0.63.
Boston Omaha (NYSE:BOC – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.05) earnings per share (EPS) for the quarter. Boston Omaha had a negative return on equity of 2.12% and a negative net
margin of 14.45%. The business had revenue of $21.45 million during the quarter, compared to analysts' expectations of $21.32 million.
Institutional Trading of Boston Omaha
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Abacus Planning Group Inc. purchased a new stake in Boston Omaha during the 3rd quarter worth approximately $6,572,000. Magnolia Group LLC purchased a new position in Boston Omaha during the 3rd quarter valued at about $130,923,000. Founders Capital Management LLC purchased a new stake in shares of Boston Omaha during the third quarter worth about $303,000. Fenimore Asset Management Inc. purchased a new stake in shares of Boston Omaha during the third quarter worth about $12,567,000. Finally, Versor Investments LP acquired a new stake in shares of Boston Omaha in the third quarter worth approximately $343,000. Hedge funds and other institutional investors own 63.81% of the company's stock.
Boston Omaha Company Profile
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Boston Omaha Corp. is a holding company, which engages in the provision of billboards, surety insurance, and insurance brokerage activities. It operates through the Insurance and Billboards segments. The Insurance segment refers to commissions from the firm's surety brokerage businesses. The Billboards segment includes billboard acquisition and rentals.
Further Reading
- Get a free copy of the StockNews.com research report on Boston Omaha (BOC)
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