Boston Omaha (NYSE:BOC) Upgraded by Wall Street Zen to Sell Rating

Key Points

• Research firm Wall Street Zen upgraded Boston Omaha from a “strong sell” to a “sell”, Weiss Ratings also maintains a sell, and the stock’s consensus rating remains Sell.
• Boston Omaha missed quarterly EPS expectations, reporting ($0.22) versus a consensus of ($0.03) while revenues of $29.71M slightly beat estimates, and the company reported a negative net margin (10.86%) and negative return on equity.
• Shares trade around $12.05 with a market cap near $369M and a 52‑week range of $11.03–$15.75, and institutional investors own about 60.36% of the stock.

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

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, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".

Boston Omaha Trading Up 0.2%

Shares of BOC opened at $12.05 on Friday. The business's 50-day moving average price is $12.28 and its 200 day moving average price is $12.59. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $369.42 million, a P/E ratio of -30.88 and a beta of 0.67. Boston Omaha has a 1-year low of $11.03 and a 1-year high of $15.75.

Boston Omaha (NYSE:BOC - Get Free Report) last posted 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). The firm had revenue of $29.71 million for the quarter, compared to analysts' expectations of $29.00 million. Boston Omaha had a negative net margin of 10.86% and a negative return on equity of 2.26%.

Hedge Funds Weigh In On Boston Omaha

Several institutional investors and hedge funds have recently bought and sold shares of the business. Elgethun Capital Management increased its holdings in shares of Boston Omaha by 1.9% in the 4th quarter. Elgethun Capital Management now owns 1,453,842 shares of the company's stock valued at $17,984,000 after purchasing an additional 27,234 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Boston Omaha by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 519,999 shares of the company's stock worth $6,434,000 after purchasing an additional 4,435 shares during the period. State Street Corp grew its position in Boston Omaha by 0.3% during the fourth quarter. State Street Corp now owns 468,665 shares of the company's stock valued at $5,797,000 after purchasing an additional 1,425 shares in the last quarter. Stevens Capital Partners increased its stake in Boston Omaha by 4.8% in the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company's stock valued at $5,333,000 after buying an additional 20,807 shares during the period. Finally, Nitor Capital Management LLC acquired a new position in Boston Omaha in the 4th quarter valued at approximately $4,581,000. Hedge funds and other institutional investors own 60.36% of the company's stock.

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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