The Manufacturers Life Insurance Company Takes Position in Boston Omaha Co. (NYSE:BOC)

The Manufacturers Life Insurance Company purchased a new position in shares of Boston Omaha Co. (NYSE:BOC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,342 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Ion Advisors LLC bought a new position in Boston Omaha during the 1st quarter worth $172,000. BNP Paribas Financial Markets lifted its position in Boston Omaha by 82.6% during the first quarter. BNP Paribas Financial Markets now owns 11,535 shares of the company’s stock worth $178,000 after purchasing an additional 5,217 shares during the period. Pecaut & CO. grew its stake in Boston Omaha by 93.0% during the first quarter. Pecaut & CO. now owns 24,900 shares of the company’s stock worth $385,000 after buying an additional 12,000 shares in the last quarter. Motley Fool Asset Management LLC bought a new position in Boston Omaha in the 1st quarter valued at about $241,000. Finally, Private Management Group Inc. acquired a new position in shares of Boston Omaha in the 1st quarter valued at approximately $2,907,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Trading Down 0.7 %

Shares of Boston Omaha stock opened at $14.91 on Friday. The firm has a market capitalization of $469.05 million, a PE ratio of -71.00 and a beta of 0.80. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $14.33 and its 200 day moving average is $14.37. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99.

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 net margin of 10.08% and a negative return on equity of 1.74%. The business had revenue of $27.09 million during the quarter, compared to the consensus estimate of $27.10 million.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BOC. TD Cowen decreased their price objective on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company reissued 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.

About Boston Omaha

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.