Elgethun Capital Management lifted its position in Boston Omaha Co. (NYSE:BOC – Free Report) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,138 shares of the company’s stock after purchasing an additional 1,960 shares during the quarter. Boston Omaha comprises about 1.2% of Elgethun Capital Management’s holdings, making the stock its 28th biggest holding. Elgethun Capital Management’s holdings in Boston Omaha were worth $3,974,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of BOC. UBS Group AG acquired a new stake in Boston Omaha during the third quarter worth $93,000. Tower Research Capital LLC TRC acquired a new stake in shares of Boston Omaha during the 3rd quarter worth about $36,000. Credit Suisse AG purchased a new stake in Boston Omaha in the 3rd quarter valued at about $349,000. Nuveen Asset Management LLC acquired a new position in Boston Omaha in the third quarter valued at about $1,523,000. Finally, Renaissance Technologies LLC purchased a new position in Boston Omaha during the third quarter worth about $949,000. 60.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BOC has been the topic of several recent analyst reports. TD Cowen decreased their price objective on shares of Boston Omaha from $40.50 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, August 29th. Wells Fargo & Company lowered their price target on Boston Omaha from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, August 24th. Finally, TheStreet downgraded Boston Omaha from a “c-” rating to a “d” rating in a report on Friday.
Boston Omaha Stock Down 1.8 %
Shares of BOC traded down $0.28 during mid-day trading on Tuesday, reaching $15.08. The company’s stock had a trading volume of 18,089 shares, compared to its average volume of 131,639. The company’s 50 day moving average is $15.51 and its 200 day moving average is $17.71. The stock has a market cap of $472.08 million, a PE ratio of 768.00 and a beta of 0.76. Boston Omaha Co. has a 12-month low of $13.55 and a 12-month high of $28.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.82 and a quick ratio of 3.00.
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 investment 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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