BOSTON OMAHA (NASDAQ:BOMN) Cut to “Sell” at BidaskClub

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BOSTON OMAHA (NASDAQ:BOMN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, BidAskClub reports.

Separately, ValuEngine downgraded BOSTON OMAHA from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd.

Shares of BOMN opened at $24.17 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.47 and a current ratio of 7.47. BOSTON OMAHA has a one year low of $19.45 and a one year high of $31.67.

BOSTON OMAHA (NASDAQ:BOMN) last announced its earnings results on Friday, May 10th. The company reported ($0.18) EPS for the quarter. The business had revenue of $9.11 million during the quarter. BOSTON OMAHA had a negative return on equity of 3.51% and a negative net margin of 42.27%.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of BOSTON OMAHA by 510.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,068 shares of the company’s stock worth $27,000 after acquiring an additional 893 shares in the last quarter. Abacus Planning Group Inc. bought a new position in BOSTON OMAHA in the 4th quarter worth approximately $442,000. Global Trust Asset Management LLC bought a new position in BOSTON OMAHA in the 1st quarter worth approximately $115,000. TIAA CREF Investment Management LLC bought a new position in BOSTON OMAHA in the 3rd quarter worth approximately $219,000. Finally, Bank of America Corp DE raised its position in BOSTON OMAHA by 11.2% in the 4th quarter. Bank of America Corp DE now owns 15,726 shares of the company’s stock worth $367,000 after purchasing an additional 1,581 shares during the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

About BOSTON OMAHA

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company is also involved in the surety insurance and related brokerage, and investment businesses. As of March 11, 2019, it operated approximately 2,900 billboards containing approximately 5,400 advertising faces of which 61 are digital displays.

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