Semanteon Capital Management LP Invests $232,000 in Boston Omaha Co. (NYSE:BOC)

Semanteon Capital Management LP purchased a new position in shares of Boston Omaha Co. (NYSE:BOC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,777 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds also recently modified their holdings of BOC. SG Americas Securities LLC acquired a new position in shares of Boston Omaha during the third quarter worth $169,000. Fenimore Asset Management Inc. lifted its holdings in Boston Omaha by 15.8% in the third quarter. Fenimore Asset Management Inc. now owns 689,704 shares of the company’s stock valued at $11,304,000 after buying an additional 94,225 shares during the period. Bank of New York Mellon Corp lifted its holdings in Boston Omaha by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 76,439 shares of the company’s stock valued at $1,253,000 after buying an additional 1,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Boston Omaha by 18.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,359 shares of the company’s stock valued at $121,000 after buying an additional 1,151 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Boston Omaha in the third quarter valued at $170,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Trading Down 1.3 %

BOC stock opened at $15.91 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.56 and a current ratio of 2.56. Boston Omaha Co. has a 12-month low of $13.55 and a 12-month high of $21.58. The company’s fifty day simple moving average is $15.86 and its 200 day simple moving average is $15.47.

Boston Omaha (NYSE:BOC) last released its earnings results on Wednesday, March 27th. The company reported ($0.12) earnings per share (EPS) for the quarter. Boston Omaha had a negative net margin of 7.28% and a negative return on equity of 1.20%. The firm had revenue of $24.67 million during the quarter, compared to analyst estimates of $25.00 million.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their target price on shares of Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd.

About Boston Omaha

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.