State Street Corp Increases Stock Position in Boston Omaha Co. (NYSE:BOC)

State Street Corp grew its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 492,192 shares of the company’s stock after purchasing an additional 9,073 shares during the period. State Street Corp owned approximately 1.56% of Boston Omaha worth $7,319,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BOC. Private Management Group Inc. grew its holdings in Boston Omaha by 268.9% during the second quarter. Private Management Group Inc. now owns 693,746 shares of the company’s stock worth $9,338,000 after acquiring an additional 505,695 shares during the period. Renaissance Technologies LLC boosted its position in shares of Boston Omaha by 333.9% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Boston Omaha by 9.2% during the 2nd 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. Meixler Investment Management Ltd. purchased a new position in shares of Boston Omaha in the 3rd quarter valued at about $1,089,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Boston Omaha by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 83,020 shares of the company’s stock valued at $1,117,000 after purchasing an additional 10,828 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $15.00 target price (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Boston Omaha Stock Down 1.7 %

BOC opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market cap of $445.51 million, a price-to-earnings ratio of -43.03 and a beta of 0.80. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.99. The business’s fifty day moving average is $14.97 and its two-hundred day moving average is $14.34.

Boston Omaha (NYSE:BOC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $27.70 million during the quarter, compared to analysts’ expectations of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

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.