BOSTON OMAHA (NASDAQ:BOMN) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, BidAskClub reports.
A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded BOSTON OMAHA from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. TheStreet raised BOSTON OMAHA from a “d+” rating to a “c-” rating in a research note on Friday, November 29th.
Shares of BOMN traded up $0.34 during midday trading on Tuesday, reaching $21.34. The stock had a trading volume of 8,021 shares, compared to its average volume of 37,159. The company’s 50-day moving average is $21.13 and its 200 day moving average is $21.20. BOSTON OMAHA has a 12-month low of $18.44 and a 12-month high of $28.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.44 and a quick ratio of 7.44.
BOSTON OMAHA (NASDAQ:BOMN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13. BOSTON OMAHA had a negative return on equity of 2.81% and a negative net margin of 23.33%. The firm had revenue of $10.82 million during the quarter.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of BOSTON OMAHA in the 3rd quarter valued at about $1,483,000. California State Teachers Retirement System raised its position in BOSTON OMAHA by 4.0% during the 3rd quarter. California State Teachers Retirement System now owns 16,069 shares of the company’s stock valued at $319,000 after purchasing an additional 622 shares during the last quarter. State Street Corp raised its position in BOSTON OMAHA by 27.8% during the 3rd quarter. State Street Corp now owns 187,038 shares of the company’s stock valued at $3,709,000 after purchasing an additional 40,700 shares during the last quarter. Abacus Planning Group Inc. raised its position in BOSTON OMAHA by 278.0% during the 3rd quarter. Abacus Planning Group Inc. now owns 1,848,662 shares of the company’s stock valued at $36,659,000 after purchasing an additional 1,359,591 shares during the last quarter. Finally, George Kaiser Family Foundation raised its position in BOSTON OMAHA by 10.1% during the 3rd quarter. George Kaiser Family Foundation now owns 190,059 shares of the company’s stock valued at $3,769,000 after purchasing an additional 17,397 shares during the last quarter. 80.77% of the stock is owned by institutional investors.
BOSTON OMAHA Company Profile
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company is also involved in the surety insurance and related brokerage, and investment businesses. As of March 11, 2019, it operated approximately 2,900 billboards containing approximately 5,400 advertising faces of which 61 are digital displays.
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