Elgethun Capital Management Increases Stock Position in Boston Omaha Corporation $BOC

Key Points

• Elgethun Capital Management boosted its stake by 36.1%, acquiring 378,624 shares to hold 1,426,608 shares (4.54% of Boston Omaha) valued at about $18.63 million, making BOC its sixth-largest holding.
• Other institutions also increased exposure—Stevens Capital initiated a roughly $5.7 million stake while Arrowstreet and Brandywine raised positions—and institutional investors now own about 60.36% of the company.
• BOC trades around $12.19 (12‑month range $11.30–$15.75) and has mixed analyst sentiment: one Buy and one Sell for a consensus Hold with a $25 target, while Weiss Ratings reiterated a "sell (e+)" rating.

Elgethun Capital Management boosted its position in shares of Boston Omaha Corporation (NYSE:BOC - Free Report) by 36.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,426,608 shares of the company's stock after purchasing an additional 378,624 shares during the quarter. Boston Omaha comprises about 3.4% of Elgethun Capital Management's holdings, making the stock its 6th biggest holding. Elgethun Capital Management owned 4.54% of Boston Omaha worth $18,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stevens Capital Partners purchased a new stake in shares of Boston Omaha during the third quarter valued at approximately $5,698,000. Brandywine Global Investment Management LLC raised its holdings in Boston Omaha by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 134,690 shares of the company's stock worth $1,891,000 after acquiring an additional 22,440 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Boston Omaha by 28.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 202,341 shares of the company's stock valued at $2,647,000 after acquiring an additional 44,653 shares in the last quarter. American Century Companies Inc. lifted its position in Boston Omaha by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 52,247 shares of the company's stock valued at $734,000 after acquiring an additional 7,018 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Boston Omaha during the 2nd quarter valued at $227,000. 60.36% of the stock is currently owned by institutional investors.

Boston Omaha Trading Down 1.3%

NYSE:BOC opened at $12.19 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $12.43 and a two-hundred day simple moving average of $12.87. Boston Omaha Corporation has a 12 month low of $11.30 and a 12 month high of $15.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Boston Omaha in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.00.

Boston Omaha 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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