Boston Omaha Co. (NYSE:BOC) Short Interest Update

Boston Omaha Co. (NYSE:BOC) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,120,000 shares, a decrease of 5.1% from the September 30th total of 1,180,000 shares. Based on an average daily volume of 119,800 shares, the short-interest ratio is presently 9.3 days. Approximately 3.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Boston Omaha

Several large investors have recently bought and sold shares of BOC. BNP Paribas Financial Markets increased its holdings in Boston Omaha by 82.6% in the first quarter. BNP Paribas Financial Markets now owns 11,535 shares of the company’s stock valued at $178,000 after buying an additional 5,217 shares during the last quarter. Pecaut & CO. increased its holdings in Boston Omaha by 93.0% in the first quarter. Pecaut & CO. now owns 24,900 shares of the company’s stock valued at $385,000 after buying an additional 12,000 shares during the last quarter. Motley Fool Asset Management LLC purchased a new position in shares of Boston Omaha during the first quarter worth about $241,000. Private Management Group Inc. purchased a new position in shares of Boston Omaha during the first quarter worth about $2,907,000. Finally, Elgethun Capital Management grew its holdings in shares of Boston Omaha by 40.2% during the first quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock worth $6,857,000 after purchasing an additional 127,652 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BOC shares. TD Cowen reduced their price objective on Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

Boston Omaha Stock Up 0.7 %

Shares of NYSE BOC opened at $14.87 on Friday. The stock has a market cap of $467.81 million, a P/E ratio of -45.06 and a beta of 0.80. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06. Boston Omaha has a 12-month low of $12.41 and a 12-month high of $16.99. The business’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $14.33.

Boston Omaha (NYSE:BOC) last posted its earnings results on Tuesday, August 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $27.09 million during the quarter, compared to analysts’ expectations of $27.10 million. Boston Omaha had a negative net margin of 10.08% and a negative return on equity of 1.74%.

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.