Boston Omaha (NYSE:BOC) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Boston Omaha (NYSE:BOC) from a "sell" to a "strong sell", while Weiss Ratings reaffirmed a "sell (e+)", leaving the stock with an average analyst rating of Sell.
• Boston Omaha reported quarterly EPS of ($0.22), missing estimates of ($0.03) and recording a negative net margin (−10.86%) and negative return on equity, indicating ongoing profitability pressures.
• The shares trade around $12.46 with a market cap of about $382 million, a negative P/E (−31.95) and a 12‑month range of $11.03–$15.75, and roughly 60% institutional ownership amid recent hedge fund buying activity.

Boston Omaha (NYSE:BOC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Boston Omaha in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

Boston Omaha Stock Down 0.4%

Shares of NYSE BOC opened at $12.46 on Friday. The company's fifty day simple moving average is $12.36 and its 200 day simple moving average is $12.68. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. Boston Omaha has a 12-month low of $11.03 and a 12-month high of $15.75. The firm has a market cap of $382.18 million, a PE ratio of -31.95 and a beta of 0.66.

Boston Omaha (NYSE:BOC - Get Free Report) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.19). Boston Omaha had a negative net margin of 10.86% and a negative return on equity of 2.26%. The firm had revenue of $29.71 million during the quarter, compared to the consensus estimate of $29.00 million.

Institutional Investors Weigh In On Boston Omaha

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Boston Omaha during the fourth quarter worth approximately $125,000. Susquehanna Portfolio Strategies LLC raised its stake in shares of Boston Omaha by 106.1% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 35,069 shares of the company's stock worth $434,000 after acquiring an additional 18,055 shares in the last quarter. Millennium Management LLC raised its stake in shares of Boston Omaha by 110.3% during the fourth quarter. Millennium Management LLC now owns 41,101 shares of the company's stock worth $508,000 after acquiring an additional 21,556 shares in the last quarter. First Manhattan CO. LLC. purchased a new position in shares of Boston Omaha during the fourth quarter worth approximately $4,131,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Boston Omaha during the fourth quarter worth approximately $243,000. 60.36% of the stock is currently owned by institutional investors.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha's diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.

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