TD Cowen Lowers Boston Omaha (NYSE:BOC) Price Target to $25.00

Boston Omaha (NYSE:BOC - Get Free Report) had its price objective decreased by analysts at TD Cowen from $28.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's price target suggests a potential upside of 75.32% from the stock's previous close.

Boston Omaha Price Performance

Shares of NYSE BOC traded down $0.04 during mid-day trading on Wednesday, reaching $14.26. The company had a trading volume of 78,751 shares, compared to its average volume of 150,555. The company has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $14.60. The stock has a market cap of $448.52 million, a PE ratio of -43.21 and a beta of 0.84. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha has a 1-year low of $12.41 and a 1-year high of $16.29.

Boston Omaha (NYSE:BOC - Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.93 million for the quarter, compared to analysts' expectations of $28.00 million.

Insider Buying and Selling

In other news, major shareholder Omaha Corp Boston sold 7,861 shares of Boston Omaha stock in a transaction on Friday, January 17th. The stock was sold at an average price of $11.36, for a total transaction of $89,300.96. Following the transaction, the insider now owns 10,820,950 shares in the company, valued at approximately $122,925,992. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 255,156 shares of company stock valued at $2,984,309. Company insiders own 23.33% of the company's stock.

Institutional Investors Weigh In On Boston Omaha

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Boston Omaha by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company's stock worth $20,860,000 after purchasing an additional 85,000 shares in the last quarter. Fenimore Asset Management Inc lifted its position in Boston Omaha by 1.0% in the 1st quarter. Fenimore Asset Management Inc now owns 947,797 shares of the company's stock worth $13,819,000 after buying an additional 9,635 shares in the last quarter. Elgethun Capital Management boosted its stake in shares of Boston Omaha by 16.4% during the 4th quarter. Elgethun Capital Management now owns 559,485 shares of the company's stock valued at $7,933,000 after buying an additional 78,662 shares during the period. Geode Capital Management LLC grew its holdings in shares of Boston Omaha by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company's stock valued at $7,939,000 after acquiring an additional 21,682 shares in the last quarter. Finally, Ironvine Capital Partners LLC increased its stake in shares of Boston Omaha by 2.0% in the fourth quarter. Ironvine Capital Partners LLC now owns 495,791 shares of the company's stock worth $7,030,000 after acquiring an additional 9,646 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.