Boston Omaha (NYSE:BOC) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Boston Omaha's stock has received a **"sell (D)" rating** from Weiss Ratings, reflecting concerns about its performance.
• The company reported a quarterly loss of **($0.07) earnings per share**, missing the consensus estimate by **$0.06**.
• Despite the downgrades, Boston Omaha maintains a **consensus rating of "Hold"** with an average target price of **$25.00**.

Boston Omaha (NYSE:BOC - Get Free Report)'s stock had its "sell (d)" rating restated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Boston Omaha from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.00.

Boston Omaha Price Performance

Shares of NYSE:BOC traded up $0.13 on Wednesday, hitting $13.14. The company had a trading volume of 146,240 shares, compared to its average volume of 148,956. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.08. Boston Omaha has a 52-week low of $12.27 and a 52-week high of $16.20. The business has a 50 day moving average of $13.23 and a 200 day moving average of $13.99. The company has a market cap of $413.29 million, a PE ratio of 438.15 and a beta of 0.99.

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

Institutional Investors Weigh In On Boston Omaha

A number of large investors have recently modified their holdings of BOC. Bank of America Corp DE grew its stake in shares of Boston Omaha by 28.9% in the fourth quarter. Bank of America Corp DE now owns 37,933 shares of the company's stock valued at $538,000 after buying an additional 8,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Boston Omaha by 58.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,987 shares of the company's stock valued at $354,000 after purchasing an additional 9,200 shares in the last quarter. Flagstone Financial Management grew its stake in Boston Omaha by 11.9% during the 1st quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock valued at $235,000 after purchasing an additional 1,719 shares in the last quarter. Elgethun Capital Management grew its stake in Boston Omaha by 80.4% during the 1st quarter. Elgethun Capital Management now owns 1,009,471 shares of the company's stock valued at $14,718,000 after purchasing an additional 449,986 shares in the last quarter. Finally, Covestor Ltd grew its stake in Boston Omaha by 143.7% during the 1st quarter. Covestor Ltd now owns 5,395 shares of the company's stock valued at $79,000 after purchasing an additional 3,181 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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