Ironvine Capital Partners LLC Reduces Position in Boston Omaha Corporation $BOC

Ironvine Capital Partners LLC decreased its position in Boston Omaha Corporation (NYSE:BOC) by 78.9% during the 2nd quarter, Holdings Channel reports. The firm owned 89,758 shares of the company’s stock after selling 335,686 shares during the period. Ironvine Capital Partners LLC’s holdings in Boston Omaha were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Boston Omaha by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock valued at $202,000 after buying an additional 815 shares during the period. Raymond James Financial Inc. increased its position in shares of Boston Omaha by 6.1% in the second quarter. Raymond James Financial Inc. now owns 14,763 shares of the company’s stock valued at $207,000 after acquiring an additional 843 shares during the period. State Street Corp raised its stake in shares of Boston Omaha by 0.3% during the fourth quarter. State Street Corp now owns 468,665 shares of the company’s stock valued at $5,797,000 after acquiring an additional 1,425 shares during the last quarter. Flagstone Financial Management raised its stake in shares of Boston Omaha by 7.6% during the fourth quarter. Flagstone Financial Management now owns 24,215 shares of the company’s stock valued at $300,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Boston Omaha by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,117 shares of the company’s stock worth $163,000 after purchasing an additional 1,866 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BOC shares. Wall Street Zen raised Boston Omaha from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Boston Omaha in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Boston Omaha Stock Down 0.4%

Shares of NYSE:BOC opened at $13.73 on Wednesday. The firm has a market capitalization of $413.68 million, a P/E ratio of -32.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50 day moving average price of $14.10 and a 200-day moving average price of $13.02. Boston Omaha Corporation has a 52-week low of $10.52 and a 52-week high of $15.22.

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

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.