Boston Omaha (NYSE:BOC) Shares Break Below 200 Day Moving Average – What’s Next?

Boston Omaha Corporation (NYSE:BOC)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.98 and traded as low as $12.89. Boston Omaha shares last traded at $12.93, with a volume of 171,518 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Boston Omaha from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boston Omaha in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Boston Omaha Stock Down 0.5%

The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $13.27 and a 200-day moving average price of $12.98. The stock has a market capitalization of $389.54 million, a P/E ratio of -30.78 and a beta of 0.72.

Boston Omaha (NYSE:BOC) last posted its earnings results on Thursday, August 13th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Boston Omaha had a negative net margin of 12.12% and a negative return on equity of 2.49%. The firm had revenue of $22.20 million for the quarter, compared to the consensus estimate of $29.50 million.

Institutional Trading of Boston Omaha

Several hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. purchased a new position in Boston Omaha in the third quarter worth about $26,000. Bank of America Corp DE increased its stake in Boston Omaha by 14.3% during the first quarter. Bank of America Corp DE now owns 21,969 shares of the company’s stock worth $257,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Stevens Capital Partners raised its position in Boston Omaha by 4.8% during the first quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock valued at $5,333,000 after purchasing an additional 20,807 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Boston Omaha Company Profile

Boston Omaha Corporation (NYSE: BOC) is a holding company with operating businesses in outdoor advertising, broadband services and surety insurance. The company focuses on acquiring and developing businesses that it believes can generate recurring cash flow and support long-term growth.

Through its billboard operations, Boston Omaha owns and operates outdoor advertising displays that provide businesses with space to promote products and services. Its broadband operations provide internet connectivity, primarily to customers in underserved or rural markets.