Boston Omaha (NYSE:BOC) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Boston Omaha from “hold” to “sell.” Weiss Ratings also rates the stock “sell,” giving it a consensus “Sell” rating.
• Boston Omaha reported quarterly EPS of a loss of $0.01, slightly better than the estimated loss of $0.02, but revenue of $22.18 million fell short of the $30 million estimate.
• The stock opened at $13.72 and has a market capitalization of about $413 million; institutional investors and hedge funds own 60.36% of shares.

Boston Omaha (NYSE:BOC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Boston Omaha in a report on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Boston Omaha Stock Performance

NYSE:BOC opened at $13.72 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a 50-day moving average of $13.23 and a two-hundred day moving average of $13.05. The stock has a market cap of $413.29 million, a P/E ratio of -32.66 and a beta of 0.77. Boston Omaha has a 1-year low of $10.52 and a 1-year high of $15.22.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its earnings results on Friday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Boston Omaha had a negative return on equity of 2.49% and a negative net margin of 12.12%. The business had revenue of $22.18 million for the quarter, compared to analyst estimates of $30.00 million.

Institutional Trading of Boston Omaha

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Boston Omaha by 409.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 70,779 shares of the company's stock worth $915,000 after acquiring an additional 56,887 shares in the last quarter. Elgethun Capital Management raised its position in shares of Boston Omaha by 1.7% during the 3rd quarter. Elgethun Capital Management now owns 1,486,503 shares of the company's stock valued at $19,220,000 after acquiring an additional 24,556 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Boston Omaha during the 3rd quarter valued at approximately $192,000. Bank of America Corp DE raised its position in shares of Boston Omaha by 14.3% during the 1st quarter. Bank of America Corp DE now owns 21,969 shares of the company's stock valued at $257,000 after acquiring an additional 2,756 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Boston Omaha during the 3rd quarter valued at approximately $26,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Boston Omaha Company Profile

Boston Omaha Corporation is a diversified holding company whose businesses operate in outdoor advertising, broadband services, insurance and asset management, and real estate. The company acquires and develops businesses with a long-term investment approach. Its subsidiaries include Link Media Outdoor, which owns and operates billboard displays, and Boston Omaha Broadband, which provides internet services in select markets. Through its insurance-related businesses, including General Indemnity Group, the company participates in insurance underwriting and related services.

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