Alpha Cubed Investments LLC Sells 13,148 Shares of Boston Omaha Co. (NYSE:BOC)

Alpha Cubed Investments LLC decreased its stake in Boston Omaha Co. (NYSE:BOC) by 21.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,154 shares of the company’s stock after selling 13,148 shares during the period. Alpha Cubed Investments LLC owned 0.16% of Boston Omaha worth $731,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BOC. Private Management Group Inc. grew its holdings in shares of Boston Omaha by 268.9% in the 2nd 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 in the last quarter. Renaissance Technologies LLC grew its holdings in Boston Omaha by 333.9% during the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after purchasing an additional 148,600 shares during the period. Elgethun Capital Management grew its holdings in Boston Omaha by 40.2% during the first 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 period. Dimensional Fund Advisors LP grew its holdings in Boston Omaha by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after purchasing an additional 105,152 shares during the period. Finally, Ironvine Capital Partners LLC grew its holdings in Boston Omaha by 18.8% during the first quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock worth $6,504,000 after purchasing an additional 66,672 shares during the period. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Trading Up 0.1 %

Shares of NYSE:BOC opened at $14.40 on Wednesday. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The stock has a market cap of $453.01 million, a PE ratio of -68.57 and a beta of 0.80. The business has a 50 day moving average of $14.17 and a 200-day moving average of $14.41. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Boston Omaha had a negative return on equity of 1.74% and a negative net margin of 10.08%. The firm had revenue of $27.09 million for the quarter, compared to the consensus estimate of $27.10 million.

Analysts Set New Price Targets

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

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.