Boston Omaha (NYSE:BOC) Announces Quarterly Earnings Results

Boston Omaha (NYSE:BOC) posted its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04), FiscalAI reports. The firm had revenue of $28.25 million during the quarter, compared to the consensus estimate of $29.20 million. Boston Omaha had a negative net margin of 10.86% and a negative return on equity of 2.26%.

Boston Omaha Stock Performance

Shares of BOC stock traded up $0.36 on Thursday, hitting $11.58. The company had a trading volume of 246,685 shares, compared to its average volume of 192,235. The stock’s 50-day moving average is $12.13 and its two-hundred day moving average is $12.43. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.09. Boston Omaha has a twelve month low of $10.90 and a twelve month high of $15.10.

Institutional Investors Weigh In On Boston Omaha

Several institutional investors and hedge funds have recently made changes to their positions in BOC. State of Wyoming acquired a new stake in shares of Boston Omaha in the second quarter valued at about $50,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Boston Omaha in the fourth quarter valued at about $125,000. Jump Financial LLC acquired a new stake in shares of Boston Omaha in the fourth quarter valued at about $138,000. Verition Fund Management LLC acquired a new stake in shares of Boston Omaha in the third quarter valued at about $155,000. Finally, MetLife Investment Management LLC increased its stake in shares of Boston Omaha by 38.7% in the fourth quarter. MetLife Investment Management LLC now owns 12,826 shares of the company’s stock valued at $159,000 after buying an additional 3,576 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BOC. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boston Omaha in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Boston Omaha has an average rating of “Sell”.

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.