Boston Omaha (NYSE:BOC) Stock Price Down 1.3% – What’s Next?

Boston Omaha Corporation (NYSE:BOC) shares fell 1.3% during mid-day trading on Thursday . The stock traded as low as $12.17 and last traded at $12.19. 107,605 shares were traded during mid-day trading, a decline of 8% from the average session volume of 116,882 shares. The stock had previously closed at $12.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Boston Omaha in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.00.

Boston Omaha Stock Down 1.3%

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $12.43 and a 200-day simple moving average of $12.87.

Institutional Investors Weigh In On Boston Omaha

Several hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in Boston Omaha during the second quarter worth approximately $50,000. Pittenger & Anderson Inc. bought a new position in Boston Omaha in the fourth quarter valued at about $53,000. Mercer Global Advisors Inc. ADV acquired a new stake in Boston Omaha during the 4th quarter worth approximately $125,000. Jump Financial LLC bought a new stake in shares of Boston Omaha in the fourth quarter worth $138,000. Finally, Verition Fund Management LLC bought a new stake in shares of Boston Omaha in the 3rd quarter valued at about $155,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

About Boston Omaha

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.