Boston Omaha (NYSE:BOC) Stock Price Down 1.3% – Here’s Why

Boston Omaha Corporation (NYSE:BOC) traded down 1.3% during mid-day trading on Thursday . The company traded as low as $12.17 and last traded at $12.19. 107,605 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 116,882 shares. The stock had previously closed at $12.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boston Omaha in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Boston Omaha Trading Down 0.5%

The company has a fifty day moving average of $12.43 and a 200 day moving average of $12.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Boston Omaha

A number of institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Boston Omaha during the second quarter worth $50,000. Pittenger & Anderson Inc. acquired a new position in Boston Omaha in the fourth quarter valued at $53,000. Mercer Global Advisors Inc. ADV acquired a new position in Boston Omaha in the fourth quarter valued at $125,000. Jump Financial LLC bought a new stake in Boston Omaha during the fourth quarter valued at $138,000. Finally, Verition Fund Management LLC acquired a new stake in Boston Omaha during the 3rd quarter worth about $155,000. 60.36% of the stock is owned by institutional investors.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.