Boston Omaha Co. (NYSE:BOC) Short Interest Update

Boston Omaha Co. (NYSE:BOC) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 1,090,000 shares, a growth of 6.9% from the November 30th total of 1,020,000 shares. Based on an average daily volume of 109,200 shares, the short-interest ratio is currently 10.0 days. Currently, 3.7% of the shares of the company are sold short.

Boston Omaha Stock Performance

BOC opened at $14.18 on Thursday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha has a 12-month low of $12.41 and a 12-month high of $16.99. The firm has a 50 day moving average of $14.92 and a two-hundred day moving average of $14.35. The firm has a market capitalization of $444.88 million, a PE ratio of -42.97 and a beta of 0.80.

Boston Omaha (NYSE:BOC) last released its quarterly earnings data 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). The business had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, major shareholder Omaha Corp Boston sold 9,077 shares of Boston Omaha stock in a transaction on Monday, December 30th. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62. Following the completion of the sale, the insider now directly owns 10,903,830 shares in the company, valued at approximately $131,500,189.80. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boston Omaha

A number of institutional investors have recently modified their holdings of BOC. SG Americas Securities LLC purchased a new stake in Boston Omaha during the third quarter worth $134,000. The Manufacturers Life Insurance Company acquired a new position in shares of Boston Omaha in the second quarter worth about $139,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Boston Omaha during the 2nd quarter worth about $141,000. BNP Paribas Financial Markets grew its position in shares of Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.