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

Boston Omaha (NYSE:BOC)‘s stock had its “equal weight” rating reissued by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $15.00 price target on the stock, down from their previous price target of $17.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 0.13% from the company’s current price.

Separately, TD Cowen lowered their price objective on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st.

Boston Omaha Stock Up 0.7 %

Boston Omaha stock opened at $14.98 on Thursday. The company has a market capitalization of $471.26 million, a PE ratio of -69.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 2.01. Boston Omaha has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The firm has a 50 day moving average price of $13.98 and a 200 day moving average price of $14.56.

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

Hedge Funds Weigh In On Boston Omaha

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. lifted its stake in Boston Omaha by 268.9% in the second quarter. Private Management Group Inc. now owns 693,746 shares of the company’s stock worth $9,338,000 after acquiring an additional 505,695 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Boston Omaha by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after purchasing an additional 148,600 shares during the last quarter. Elgethun Capital Management grew its stake in shares of Boston Omaha by 40.2% during the first quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock worth $6,857,000 after purchasing an additional 127,652 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Boston Omaha by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after buying an additional 105,152 shares during the last quarter. Finally, Ironvine Capital Partners LLC raised its stake in Boston Omaha by 18.8% in the first quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock valued at $6,504,000 after buying an additional 66,672 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.