Nuveen LLC Invests $318,000 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 purchased a new stake in Boston Omaha Corporation (NYSE:BOC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Boston Omaha by 64.1% in the 4th quarter. BNP Paribas Financial Markets now owns 22,109 shares of the company's stock valued at $314,000 after purchasing an additional 8,635 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Boston Omaha by 58.3% in 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. Price T Rowe Associates Inc. MD purchased a new position in shares of Boston Omaha in the 4th quarter valued at about $146,000. Northern Trust Corp increased its stake in shares of Boston Omaha by 9.0% in the 4th quarter. Northern Trust Corp now owns 221,758 shares of the company's stock valued at $3,145,000 after purchasing an additional 18,336 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Boston Omaha by 71.4% in the 4th quarter. Deutsche Bank AG now owns 33,962 shares of the company's stock valued at $482,000 after purchasing an additional 14,142 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Boston Omaha from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Boston Omaha presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Boston Omaha Price Performance

Shares of Boston Omaha stock traded up $0.04 on Monday, hitting $13.54. 163,387 shares of the company were exchanged, compared to its average volume of 243,104. The stock has a market capitalization of $425.90 million, a price-to-earnings ratio of 451.55 and a beta of 0.99. The company has a 50-day moving average price of $13.50 and a 200 day moving average price of $14.11. Boston Omaha Corporation has a 1-year low of $12.27 and a 1-year high of $16.20. 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 (NYSE:BOC - Get Free Report) last issued 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). The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $29.39 million. Boston Omaha had a return on equity of 0.14% and a net margin of 0.68%.

About Boston Omaha

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.