Boston Omaha (NYSE:BOC) PT Lowered to $30.00

Boston Omaha (NYSE:BOC) had its price objective reduced by stock analysts at TD Cowen from $35.00 to $30.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 93.55% from the company’s current price.

Boston Omaha Stock Performance

Shares of BOC opened at $15.50 on Tuesday. Boston Omaha has a 1 year low of $13.55 and a 1 year high of $23.21. The company has a market cap of $485.23 million, a price-to-earnings ratio of -67.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a fifty day moving average of $15.78 and a 200-day moving average of $15.53.

Hedge Funds Weigh In On Boston Omaha

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Boston Omaha by 4.3% during the second quarter. BlackRock Inc. now owns 1,549,963 shares of the company’s stock valued at $29,170,000 after acquiring an additional 64,167 shares during the period. Vanguard Group Inc. lifted its holdings in Boston Omaha by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 1,233,840 shares of the company’s stock worth $19,408,000 after purchasing an additional 25,674 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Boston Omaha by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,095,264 shares of the company’s stock worth $20,613,000 after purchasing an additional 132,407 shares during the period. Fenimore Asset Management Inc. lifted its holdings in Boston Omaha by 17.8% in the fourth quarter. Fenimore Asset Management Inc. now owns 812,799 shares of the company’s stock worth $12,785,000 after purchasing an additional 123,095 shares during the period. Finally, Greenwood Gearhart Inc. lifted its holdings in Boston Omaha by 2.8% in the third quarter. Greenwood Gearhart Inc. now owns 568,698 shares of the company’s stock worth $9,321,000 after purchasing an additional 15,325 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.