276,668 Shares in Boston Omaha Corporation $BOC Purchased by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC has taken a new position in Boston Omaha Corporation, acquiring 276,668 shares valued at approximately $4.03 million, which represents 0.88% ownership of the company.
• Institutional investors collectively own 60.36% of Boston Omaha, with notable increases in holdings from firms like Elgethun Capital Management and Jump Financial LLC during the first quarter.
• Boston Omaha reported ($0.07) earnings per share for the last quarter, missing estimates, with total revenue of $28.20 million against an expected $29.39 million.

EP Wealth Advisors LLC bought a new stake in Boston Omaha Corporation (NYSE:BOC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 276,668 shares of the company's stock, valued at approximately $4,034,000. EP Wealth Advisors LLC owned approximately 0.88% of Boston Omaha as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Covestor Ltd lifted its stake in Boston Omaha by 143.7% in the first quarter. Covestor Ltd now owns 5,395 shares of the company's stock valued at $79,000 after purchasing an additional 3,181 shares during the last quarter. AlphaQuest LLC purchased a new position in Boston Omaha in the first quarter valued at approximately $142,000. Price T Rowe Associates Inc. MD purchased a new position in Boston Omaha in the fourth quarter valued at approximately $146,000. Raymond James Financial Inc. purchased a new position in Boston Omaha in the fourth quarter valued at approximately $194,000. Finally, Flagstone Financial Management lifted its position in shares of Boston Omaha by 11.9% during the first quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock worth $235,000 after acquiring an additional 1,719 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Boston Omaha Price Performance

NYSE BOC traded down $0.12 during trading hours on Tuesday, reaching $13.39. 22,215 shares of the stock traded hands, compared to its average volume of 148,690. The stock has a 50 day simple moving average of $13.50 and a two-hundred day simple moving average 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 market cap of $420.96 million, a price-to-earnings ratio of 446.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.05 and a quick ratio of 2.05.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $29.39 million.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Boston Omaha Company 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.