TheStreet upgraded shares of Boston Omaha (NYSE:BOC – Get Rating) from a d+ rating to a c- rating in a report issued on Thursday morning, TheStreetRatingsTable reports.
A number of other research firms also recently commented on BOC. Cowen boosted their price objective on shares of Boston Omaha to $40.00 in a report on Thursday, November 17th. Wells Fargo & Company boosted their price objective on shares of Boston Omaha from $27.00 to $34.00 and gave the stock an overweight rating in a report on Tuesday, November 1st.
Get Boston Omaha alerts:Boston Omaha Trading Down 2.2 %
Shares of Boston Omaha stock opened at $26.04 on Thursday. Boston Omaha has a 52-week low of $18.68 and a 52-week high of $30.94. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.05. The company's 50-day simple moving average is $26.31 and its 200-day simple moving average is $24.60. The firm has a market cap of $773.39 million, a price-to-earnings ratio of -66.77 and a beta of 0.61.
Boston Omaha (NYSE:BOC – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.05) EPS for the quarter. The company had revenue of $21.45 million for the quarter, compared to analysts' expectations of $21.32 million. Boston Omaha had a negative return on equity of 2.12% and a negative net margin of 14.45%.Insider Buying and Selling at Boston Omaha
In other Boston Omaha news, Director Frank H. Kenan II sold 10,790 shares of the company's stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $25.59, for a total value of $276,116.10. Following the sale, the director now owns 170,876 shares of the company's stock, valued at $4,372,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 27.25% of the company's stock.
Institutional Trading of Boston Omaha
Institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can purchased a new position in shares of Boston Omaha during the third quarter valued at approximately $28,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Boston Omaha during the third quarter valued at approximately $31,000. Covington Capital Management purchased a new position in shares of Boston Omaha during the third quarter valued at approximately $32,000. Tower Research Capital LLC TRC purchased a new position in shares of Boston Omaha during the third quarter valued at approximately $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Boston Omaha during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 85.91% of the company's stock.
Boston Omaha Company Profile
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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 investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities.
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