Alpha Cubed Investments LLC Has $731,000 Stake in Boston Omaha Co. (NYSE:BOC)

Alpha Cubed Investments LLC trimmed its holdings in Boston Omaha Co. (NYSE:BOC) by 21.1% in the third quarter, Holdings Channel reports. The institutional investor owned 49,154 shares of the company’s stock after selling 13,148 shares during the period. Alpha Cubed Investments LLC’s holdings in Boston Omaha were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Boston Omaha during the third quarter valued at approximately $134,000. Susquehanna Fundamental Investments LLC acquired a new position in Boston Omaha during the second quarter valued at approximately $141,000. The Manufacturers Life Insurance Company acquired a new position in Boston Omaha during the second quarter valued at approximately $139,000. Renaissance Technologies LLC raised its position in Boston Omaha by 333.9% during the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after purchasing an additional 148,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Boston Omaha by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after purchasing an additional 105,152 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Boston Omaha Stock Performance

NYSE BOC opened at $14.40 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 2.01. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The stock has a market cap of $453.01 million, a PE ratio of -68.57 and a beta of 0.80. The firm’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $14.41.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 target price (down previously from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th. TD Cowen decreased their target price on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st.

About Boston Omaha

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.