SG Americas Securities LLC Purchases New Holdings in Boston Omaha Co. (NYSE:BOC)

SG Americas Securities LLC purchased a new stake in Boston Omaha Co. (NYSE:BOC) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 8,996 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Boston Omaha by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after buying an additional 105,152 shares during the last quarter. Private Management Group Inc. lifted its stake in Boston Omaha by 268.9% in the second quarter. Private Management Group Inc. now owns 693,746 shares of the company’s stock valued at $9,338,000 after acquiring an additional 505,695 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE grew its position in shares of Boston Omaha by 2.7% in the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 478,492 shares of the company’s stock valued at $6,441,000 after acquiring an additional 12,401 shares during the period. Elgethun Capital Management increased its stake in shares of Boston Omaha by 40.2% during the 1st quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock worth $6,857,000 after purchasing an additional 127,652 shares during the last quarter. Finally, Ironvine Capital Partners LLC raised its holdings in shares of Boston Omaha by 18.8% in the 1st quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock valued at $6,504,000 after purchasing an additional 66,672 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Boston Omaha Price Performance

NYSE:BOC opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $481.64 million, a price-to-earnings ratio of -72.90 and a beta of 0.80. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The firm’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $14.35.

Boston Omaha (NYSE:BOC) last announced 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). The company had revenue of $27.09 million during the quarter, compared to analyst estimates of $27.10 million. Boston Omaha had a negative net margin of 10.08% and a negative return on equity of 1.74%.

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.