Boston Omaha Co. (NYSE:BOC – Get Rating) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 825,200 shares, an increase of 10.7% from the December 31st total of 745,500 shares. Based on an average daily volume of 80,800 shares, the days-to-cover ratio is presently 10.2 days. Currently, 3.0% of the company's stock are short sold.
Institutional Investors Weigh In On Boston Omaha
Institutional investors and hedge funds have recently bought and sold shares of the business. Evermay Wealth Management LLC bought a new stake in Boston Omaha in the 4th quarter valued at $26,000. Great West Life Assurance Co. Can acquired a new stake in shares of Boston Omaha in the 3rd quarter valued at $28,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Boston Omaha in the 3rd quarter valued at $31,000. Covington Capital Management acquired a new stake in shares of Boston Omaha in the 3rd quarter valued at $32,000. Finally, Tower Research Capital LLC TRC acquired a new position in Boston Omaha during the 3rd quarter worth about $36,000. Institutional investors own 63.81% of the company's stock.
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Boston Omaha Stock Performance
BOC stock traded up $0.29 on Tuesday, reaching $26.30. 86,560 shares of the company were exchanged, compared to its average volume of 116,793. Boston Omaha has a 12 month low of $18.68 and a 12 month high of $30.94. The stock's fifty day moving average price is $26.91 and its 200 day moving average price is $25.98. The firm has a market capitalization of $781.11 million, a PE ratio of -66.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.50.
Boston Omaha (NYSE:BOC – Get Rating) last announced its 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 company had revenue of $21.45 million for the quarter, compared to the consensus estimate of $21.32 million.
Wall Street Analysts Forecast Growth
Several research firms recently commented on BOC. TheStreet upgraded shares of Boston Omaha from a "d+" rating to a "c-" rating in a research note on Thursday, December 8th. Cowen lifted their price target on shares of Boston Omaha to $40.00 in a research report on Thursday, November 17th. Finally, Wells Fargo & Company lifted their price target on shares of Boston Omaha from $27.00 to $34.00 and gave the company an "overweight" rating in a research report on Tuesday, November 1st.
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.
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