BidaskClub cut shares of BOSTON OMAHA (NASDAQ:BOMN) from a hold rating to a sell rating in a research note published on Tuesday morning, BidAskClub reports.

Separately, ValuEngine cut 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. BOSTON OMAHA has a 12-month low of $19.45 and a 12-month high of $31.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 7.47 and a quick ratio of 7.47.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted 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 purchasing an additional 893 shares in the last quarter. Abacus Planning Group Inc. bought a new position in shares of BOSTON OMAHA in the 4th quarter worth $442,000. Global Trust Asset Management LLC bought a new position in shares of BOSTON OMAHA in the 1st quarter worth $115,000. TIAA CREF Investment Management LLC bought a new position in shares of BOSTON OMAHA in the 3rd quarter worth $219,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 in the last quarter. Institutional investors own 72.56% 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. 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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