Boston Omaha (NYSE:BOC) Downgraded by Wall Street Zen to "Sell"

Key Points

• Boston Omaha has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling potential investor caution.
• For the recent quarter, Boston Omaha reported an earnings per share of ($0.07), missing analyst expectations of ($0.01) by a margin of $0.06.
• Insider activity includes a major shareholder selling 52,839 shares at an average price of $10.30, indicating a 0.58% decrease in their holdings.

Boston Omaha (NYSE:BOC - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Boston Omaha Trading Up 1.0%

Shares of BOC stock opened at $12.55 on Friday. Boston Omaha has a 52-week low of $12.27 and a 52-week high of $16.20. The stock has a market cap of $394.70 million, a price-to-earnings ratio of 418.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.22 and a current ratio of 2.05. The firm has a fifty day moving average of $13.75 and a 200-day moving average of $14.31.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.06). Boston Omaha had a net margin of 0.68% and a return on equity of 0.14%. The business had revenue of $28.20 million during the quarter, compared to analyst estimates of $29.39 million.

Insider Activity

In other news, major shareholder Omaha Corp Boston sold 52,839 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $10.30, for a total value of $544,241.70. Following the completion of the transaction, the insider owned 8,997,663 shares in the company, valued at approximately $92,675,928.90. This represents a 0.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 173,550 shares of company stock valued at $1,876,277. Corporate insiders own 23.21% of the company's stock.

Institutional Investors Weigh In On Boston Omaha

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Boston Omaha by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company's stock worth $20,860,000 after purchasing an additional 85,000 shares in the last quarter. Elgethun Capital Management increased its position in shares of Boston Omaha by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 1,047,984 shares of the company's stock worth $14,714,000 after purchasing an additional 38,513 shares in the last quarter. Fenimore Asset Management Inc increased its position in shares of Boston Omaha by 0.6% during the 2nd quarter. Fenimore Asset Management Inc now owns 953,077 shares of the company's stock worth $13,381,000 after purchasing an additional 5,280 shares in the last quarter. Ironvine Capital Partners LLC increased its position in shares of Boston Omaha by 2.0% during the 4th quarter. Ironvine Capital Partners LLC now owns 495,791 shares of the company's stock worth $7,030,000 after purchasing an additional 9,646 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE increased its position in shares of Boston Omaha by 1.2% during the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 481,345 shares of the company's stock worth $6,758,000 after purchasing an additional 5,550 shares in the last quarter. Institutional investors and hedge funds 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.

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