BNP Paribas Financial Markets Has $200,000 Holdings in Boston Omaha Co. (NYSE:BOC)

BNP Paribas Financial Markets raised its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 61.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,474 shares of the company’s stock after purchasing an additional 5,107 shares during the quarter. BNP Paribas Financial Markets’ holdings in Boston Omaha were worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meixler Investment Management Ltd. purchased a new stake in shares of Boston Omaha during the third quarter worth $1,089,000. Private Management Group Inc. boosted its holdings in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after acquiring an additional 93,836 shares during the period. SG Americas Securities LLC bought a new stake in Boston Omaha in the 3rd quarter worth $134,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Boston Omaha during the second quarter valued at approximately $141,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Boston Omaha during the 2nd quarter worth approximately $139,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

Boston Omaha Stock Down 4.6 %

Boston Omaha stock opened at $14.86 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a market cap of $466.22 million, a P/E ratio of -45.03 and a beta of 0.80. The business has a fifty day moving average of $15.02 and a two-hundred day moving average of $14.33. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The business had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 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.