BNP Paribas Financial Markets Has $200,000 Holdings in Boston Omaha Co. (NYSE:BOC)

BNP Paribas Financial Markets increased its holdings in Boston Omaha Co. (NYSE:BOC) by 61.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,474 shares of the company’s stock after acquiring an additional 5,107 shares during the period. BNP Paribas Financial Markets’ holdings in Boston Omaha were worth $200,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Private Management Group Inc. boosted its holdings in Boston Omaha by 268.9% in the second quarter. Private Management Group Inc. now owns 693,746 shares of the company’s stock worth $9,338,000 after purchasing an additional 505,695 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after buying an additional 148,600 shares during the period. Dimensional Fund Advisors LP raised its position in Boston Omaha by 9.2% in 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 in the last quarter. Meixler Investment Management Ltd. bought a new position in shares of Boston Omaha during the 3rd quarter worth approximately $1,089,000. Finally, Lawson Kroeker Investment Management Inc. NE lifted its holdings in shares of Boston Omaha by 2.7% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 478,492 shares of the company’s stock valued at $6,441,000 after acquiring an additional 12,401 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BOC has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Boston Omaha from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Wells Fargo & Company restated an “equal weight” rating and set a $15.00 target price (down from $17.00) on shares of Boston Omaha in a research report on Thursday, September 19th.

Boston Omaha Stock Down 4.6 %

Shares of BOC stock opened at $14.86 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.99. The firm’s 50-day moving average is $15.02 and its 200-day moving average is $14.33. The stock has a market cap of $466.22 million, a price-to-earnings ratio of -45.03 and a beta of 0.80.

Boston Omaha (NYSE:BOC) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 million.

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.