Jump Financial LLC Increases Stake in Boston Omaha Corporation $BOC

Key Points

• Jump Financial LLC increased its stake in Boston Omaha Corporation by 196.8%, owning 42,113 shares valued at $614,000 after acquiring 27,926 shares in the first quarter.
• Boston Omaha's stock was recently downgraded from "hold" to "sell" by Wall Street Zen, with a current consensus rating of "Moderate Buy" and an average price target of $20.00.
• The company reported a loss of ($0.07) earnings per share for the last quarter, missing analyst estimates and generating revenue of $28.20 million, below the expected $29.39 million.

Jump Financial LLC boosted its stake in shares of Boston Omaha Corporation (NYSE:BOC - Free Report) by 196.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,113 shares of the company's stock after acquiring an additional 27,926 shares during the quarter. Jump Financial LLC owned 0.13% of Boston Omaha worth $614,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd grew its holdings 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 period. AlphaQuest LLC acquired a new stake in Boston Omaha in the first quarter valued at approximately $142,000. Price T Rowe Associates Inc. MD acquired a new stake in Boston Omaha in the fourth quarter valued at approximately $146,000. Raymond James Financial Inc. acquired a new stake in Boston Omaha in the fourth quarter valued at approximately $194,000. Finally, Flagstone Financial Management grew its holdings in Boston Omaha by 11.9% in the first quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock valued at $235,000 after purchasing an additional 1,719 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Boston Omaha Stock Down 0.7%

Shares of BOC opened at $13.35 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.05 and a current ratio of 2.05. Boston Omaha Corporation has a one year low of $12.27 and a one year high of $16.20. The stock has a market capitalization of $419.92 million, a price-to-earnings ratio of 445.22 and a beta of 0.99. The stock has a 50 day moving average price of $13.56 and a 200 day moving average price of $14.18.

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

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.

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