Boston Omaha (NYSE:BOC) Price Target Cut to $17.00 by Analysts at Wells Fargo & Company

Boston Omaha (NYSE:BOC - Free Report) had its price target trimmed by Wells Fargo & Company from $23.00 to $17.00 in a report issued on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, TD Cowen lowered their target price on shares of Boston Omaha from $35.00 to $30.00 and set a buy rating on the stock in a research note on Tuesday, April 2nd.

Boston Omaha Stock Performance

Shares of BOC stock traded down $0.22 during trading on Monday, reaching $13.58. 378,083 shares of the company's stock traded hands, compared to its average volume of 154,610. The company has a market capitalization of $425.73 million, a P/E ratio of -64.66 and a beta of 0.77. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $15.52 and its 200 day moving average is $15.47. Boston Omaha has a 1 year low of $13.55 and a 1 year high of $21.38.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings results on Friday, May 17th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.06). Boston Omaha had a negative net margin of 6.56% and a negative return on equity of 1.08%. The business had revenue of $25.55 million for the quarter, compared to analysts' expectations of $25.50 million.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Boston Omaha by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,208,166 shares of the company's stock valued at $19,802,000 after buying an additional 31,530 shares in the last quarter. Fenimore Asset Management Inc. raised its position in shares of Boston Omaha by 17.8% during the 4th quarter. Fenimore Asset Management Inc. now owns 812,799 shares of the company's stock valued at $12,785,000 after buying an additional 123,095 shares in the last quarter. Greenwood Gearhart Inc. raised its position in shares of Boston Omaha by 2.8% during the 3rd quarter. Greenwood Gearhart Inc. now owns 568,698 shares of the company's stock valued at $9,321,000 after buying an additional 15,325 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE grew its holdings in shares of Boston Omaha by 1.2% during the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 466,836 shares of the company's stock valued at $7,343,000 after purchasing an additional 5,513 shares during the last quarter. Finally, Elgethun Capital Management grew its holdings in shares of Boston Omaha by 40.2% during the 1st quarter. Elgethun Capital Management now owns 444,816 shares of the company's stock valued at $6,857,000 after purchasing an additional 127,652 shares during the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.