Boston Omaha (NYSE:BOC) Stock Jumps 1.2% – Time to Buy?

Boston Omaha Corporation (NYSE:BOC) shares shot up 1.2% during trading on Tuesday. The company traded as high as $12.77 and last traded at $12.5710. Approximately 86,015 shares traded hands during trading, a decline of 36% from the average session volume of 134,614 shares. The stock had previously closed at $12.42.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Boston Omaha from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Omaha in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Boston Omaha Price Performance

The company’s 50-day moving average price is $13.38 and its 200-day moving average price is $13.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $380.39 million, a P/E ratio of -30.06 and a beta of 0.72.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $22.20 million during the quarter, compared to the consensus estimate of $29.50 million. Boston Omaha had a negative net margin of 12.12% and a negative return on equity of 2.49%.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Boston Omaha during the 3rd quarter worth about $26,000. Bank of America Corp DE boosted its holdings in shares of Boston Omaha by 14.3% during the 1st quarter. Bank of America Corp DE now owns 21,969 shares of the company’s stock worth $257,000 after buying an additional 2,756 shares during the period. Finally, Stevens Capital Partners boosted its holdings in shares of Boston Omaha by 4.8% during the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock worth $5,333,000 after buying an additional 20,807 shares during the period. 60.36% of the stock is owned by institutional investors.

About Boston Omaha

Boston Omaha Corporation is a public holding company that owns and operates businesses in several industries. Its primary activities include outdoor billboard advertising, surety insurance, broadband services and asset management.

Through its outdoor advertising operations, Boston Omaha owns and manages billboard displays used by businesses and organizations to reach local and regional audiences. The company’s insurance operations focus on surety products, while its broadband business provides internet connectivity in selected communities.