BOSTON OMAHA (NASDAQ:BOMN) Upgraded by TheStreet to “C-“

BOSTON OMAHA (NASDAQ:BOMN) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Friday, TheStreetRatingsTable reports.

A number of other research analysts have also recently issued reports on BOMN. BidaskClub cut BOSTON OMAHA from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. ValuEngine downgraded shares of BOSTON OMAHA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

BOMN stock opened at $20.62 on Friday. BOSTON OMAHA has a 1-year low of $18.44 and a 1-year high of $28.00. The business’s 50 day moving average is $21.36 and its 200-day moving average is $21.91. The company has a current ratio of 7.44, a quick ratio of 7.44 and a debt-to-equity ratio of 0.19.

BOSTON OMAHA (NASDAQ:BOMN) last posted its earnings results on Tuesday, November 12th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. The business had revenue of $10.82 million during the quarter. BOSTON OMAHA had a negative return on equity of 2.81% and a negative net margin of 23.33%.

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in BOSTON OMAHA by 458.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,881 shares of the company’s stock valued at $155,000 after purchasing an additional 5,649 shares during the last quarter. Swiss National Bank acquired a new position in BOSTON OMAHA during the 2nd quarter worth about $363,000. California State Teachers Retirement System grew its holdings 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 worth $319,000 after acquiring an additional 622 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in BOSTON OMAHA during the 2nd quarter worth about $477,000. Finally, Charles Schwab Investment Management Inc. increased its position in BOSTON OMAHA by 95.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,452 shares of the company’s stock valued at $543,000 after acquiring an additional 11,452 shares in the last quarter. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

About BOSTON OMAHA

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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