Nelson Van Denburg & Campbell Wealth Management Group LLC Makes New Investment in Boston Omaha Co. (NYSE:BOC)

Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Boston Omaha Co. (NYSE:BOCGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,225 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors have also recently bought and sold shares of the business. Magnolia Group LLC acquired a new stake in Boston Omaha during the 3rd quarter worth $130,923,000. Fenimore Asset Management Inc. acquired a new position in shares of Boston Omaha in the 3rd quarter valued at $12,567,000. Red Cedar Capital LLC acquired a new position in shares of Boston Omaha in the 3rd quarter valued at $11,034,000. Abacus Planning Group Inc. acquired a new position in shares of Boston Omaha in the 3rd quarter valued at $6,572,000. Finally, Versor Investments LP acquired a new position in shares of Boston Omaha in the 3rd quarter valued at $343,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

Analyst Ratings Changes

BOC has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Boston Omaha from $27.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, November 1st. Cowen boosted their price target on shares of Boston Omaha to $40.00 in a report on Thursday, November 17th. Finally, TheStreet raised shares of Boston Omaha from a “d+” rating to a “c-” rating in a report on Thursday, December 8th.

Boston Omaha Trading Up 3.4 %

BOC opened at $26.82 on Friday. The stock has a market capitalization of $796.55 million, a P/E ratio of -68.77 and a beta of 0.63. Boston Omaha Co. has a 12 month low of $18.68 and a 12 month high of $30.94. The firm’s fifty day simple moving average is $26.83 and its 200 day simple moving average is $25.30. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.05.

Boston Omaha (NYSE:BOCGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.05) EPS for the quarter. The company had revenue of $21.45 million during the quarter, compared to the consensus estimate of $21.32 million. Boston Omaha had a negative net margin of 14.45% and a negative return on equity of 2.12%.

Boston Omaha Company Profile

(Get Rating)

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 investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities.

Further Reading

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Institutional Ownership by Quarter for Boston Omaha (NYSE:BOC)

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