Nuveen LLC Acquires New Shares in Boston Omaha Corporation $BOC

Key Points

• Nuveen LLC acquired 21,844 shares of Boston Omaha Corporation, valued at approximately $318,000, during the first quarter, increasing their stake to about 0.07% of the company.
• Boston Omaha's stock has a current price target of $20.00, but was recently downgraded from a "hold" to a "sell" rating by Wall Street Zen.
• The company reported a loss of ($0.07) EPS for the most recent quarter, missing estimates, with revenues of $28.20 million compared to expectations of $29.39 million.

Nuveen LLC bought a new position in shares of Boston Omaha Corporation (NYSE:BOC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,844 shares of the company's stock, valued at approximately $318,000. Nuveen LLC owned approximately 0.07% of Boston Omaha as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Boston Omaha by 143.7% during the 1st quarter. Covestor Ltd now owns 5,395 shares of the company's stock worth $79,000 after purchasing an additional 3,181 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Boston Omaha during the 4th quarter worth approximately $146,000. Raymond James Financial Inc. purchased a new position in Boston Omaha during the 4th quarter worth approximately $194,000. Flagstone Financial Management grew its position in Boston Omaha by 11.9% during the 1st quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock worth $235,000 after purchasing an additional 1,719 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Boston Omaha by 64.1% during the 4th quarter. BNP Paribas Financial Markets now owns 22,109 shares of the company's stock worth $314,000 after purchasing an additional 8,635 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Boston Omaha Stock Up 2.6%

Shares of Boston Omaha stock traded up $0.35 on Thursday, hitting $13.72. 176,291 shares of the company traded hands, compared to its average volume of 243,144. The company has a 50-day moving average price of $13.45 and a 200 day moving average price of $14.10. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.08. Boston Omaha Corporation has a 12-month low of $12.27 and a 12-month high of $16.20. The company has a market cap of $431.49 million, a PE ratio of 457.49 and a beta of 0.99.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Boston Omaha from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Boston Omaha 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.