Boston Omaha (NYSE:BOC) Stock Jumps 1.2% - Should You Buy?

Key Points

• Boston Omaha shares rose 1.2% to about $12.57, despite trading volume running 36% below its average.
• Analyst sentiment remains weak: the stock carries an overall “Sell” rating, although Wall Street Zen upgraded it to “Hold.”
• The company’s latest quarter fell short of expectations, reporting an adjusted loss of $0.05 per share versus an expected loss of $0.03 and revenue of $22.2 million versus estimates of $29.5 million.

Boston Omaha Corporation (NYSE:BOC - Get Free Report)'s stock price shot up 1.2% during mid-day trading on Tuesday. The company traded as high as $12.77 and last traded at $12.5710. Approximately 86,015 shares traded hands during trading, a decline of 36% from the average session volume of 134,614 shares. The stock had previously closed at $12.42.

Analysts Set New Price Targets

BOC has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Boston Omaha from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings restated a "sell (d)" rating on shares of Boston Omaha in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Boston Omaha Price Performance

The stock has a market capitalization of $378.76 million, a PE ratio of -29.93 and a beta of 0.72. The stock's 50 day moving average is $13.45 and its two-hundred day moving average is $13.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.05 and a current ratio of 2.05.

Boston Omaha (NYSE:BOC - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Boston Omaha had a negative return on equity of 2.49% and a negative net margin of 12.12%. The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $29.50 million.

Institutional Trading of Boston Omaha

Institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in Boston Omaha in the 3rd quarter valued at $26,000. Bank of America Corp DE lifted its holdings in Boston Omaha by 14.3% in the 1st quarter. Bank of America Corp DE now owns 21,969 shares of the company's stock valued at $257,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Stevens Capital Partners lifted its holdings in Boston Omaha by 4.8% in the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company's stock valued at $5,333,000 after purchasing an additional 20,807 shares in the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Boston Omaha Company Profile

Boston Omaha Corporation is a public holding company that owns and operates businesses in several industries. Its primary activities include outdoor billboard advertising, surety insurance, broadband services and asset management.

Through its outdoor advertising operations, Boston Omaha owns and manages billboard displays used by businesses and organizations to reach local and regional audiences. The company's insurance operations focus on surety products, while its broadband business provides internet connectivity in selected communities.

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