Boston Omaha Co. (NYSE:BOC) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance cut its position in shares of Boston Omaha Co. (NYSE:BOC) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,278 shares of the company’s stock after selling 876 shares during the quarter. Independent Advisor Alliance’s holdings in Boston Omaha were worth $240,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Boston Omaha by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 76,439 shares of the company’s stock worth $1,253,000 after buying an additional 1,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Boston Omaha by 18.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,359 shares of the company’s stock worth $121,000 after purchasing an additional 1,151 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Boston Omaha in the third quarter worth about $170,000. Jump Financial LLC bought a new position in Boston Omaha during the third quarter valued at about $216,000. Finally, Swiss National Bank increased its stake in Boston Omaha by 2.7% during the third quarter. Swiss National Bank now owns 53,263 shares of the company’s stock valued at $873,000 after acquiring an additional 1,400 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Boston Omaha from $23.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen reduced their price objective on Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd.

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $14.64 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.92 and a current ratio of 2.92. Boston Omaha Co. has a 52 week low of $13.33 and a 52 week high of $21.20. The firm has a fifty day moving average of $15.44 and a two-hundred day moving average of $15.45. The stock has a market capitalization of $458.96 million, a price-to-earnings ratio of -69.71 and a beta of 0.77.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data 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 return on equity of 1.08% and a negative net margin of 6.56%. The business had revenue of $25.55 million for the quarter, compared to analyst estimates of $25.50 million.

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.