Fenimore Asset Management Inc Boosts Position in Boston Omaha Corporation $BOC

Fenimore Asset Management Inc boosted its holdings in Boston Omaha Corporation (NYSE:BOC) by 0.6% in the second quarter, HoldingsChannel.com reports. The firm owned 953,077 shares of the company’s stock after buying an additional 5,280 shares during the quarter. Fenimore Asset Management Inc’s holdings in Boston Omaha were worth $13,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elgethun Capital Management lifted its position in shares of Boston Omaha by 80.4% during the 1st quarter. Elgethun Capital Management now owns 1,009,471 shares of the company’s stock worth $14,718,000 after buying an additional 449,986 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Boston Omaha in the 1st quarter valued at $4,034,000. Brandywine Global Investment Management LLC lifted its position in Boston Omaha by 7.5% in the first quarter. Brandywine Global Investment Management LLC now owns 112,250 shares of the company’s stock valued at $1,637,000 after acquiring an additional 7,800 shares during the last quarter. Jane Street Group LLC lifted its position in Boston Omaha by 104.7% in the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock valued at $1,282,000 after acquiring an additional 44,968 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Boston Omaha by 7.5% in the first quarter. American Century Companies Inc. now owns 45,229 shares of the company’s stock valued at $659,000 after acquiring an additional 3,160 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Trading Up 1.6%

Shares of BOC stock opened at $13.28 on Monday. The company has a market capitalization of $417.56 million, a P/E ratio of 442.71 and a beta of 0.99. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $13.25 and its two-hundred day moving average is $14.00. Boston Omaha Corporation has a twelve month low of $12.27 and a twelve month high of $16.20.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Boston Omaha had a return on equity of 0.14% and a net margin of 0.68%.The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $29.39 million.

Wall Street Analysts Forecast Growth

BOC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Boston Omaha in a research report on Saturday, September 27th. Wall Street Zen downgraded Boston Omaha from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Boston Omaha 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.