Stephens Inc. AR Raises Stake in Lamar Advertising Company (LAMR)

Stephens Inc. AR lifted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 6.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,151 shares of the real estate investment trust’s stock after purchasing an additional 2,925 shares during the quarter. Stephens Inc. AR’s holdings in Lamar Advertising were worth $3,163,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in Lamar Advertising in the second quarter valued at approximately $598,020,000. BlackRock Inc. grew its position in shares of Lamar Advertising by 7.5% during the second quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock worth $559,646,000 after acquiring an additional 528,392 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Lamar Advertising by 2.1% during the second quarter. Vanguard Group Inc. now owns 6,742,042 shares of the real estate investment trust’s stock worth $496,013,000 after acquiring an additional 139,256 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Lamar Advertising by 8.0% during the third quarter. Victory Capital Management Inc. now owns 2,596,148 shares of the real estate investment trust’s stock worth $177,914,000 after acquiring an additional 192,925 shares during the last quarter. Finally, State Street Corp grew its position in shares of Lamar Advertising by 2.7% during the second quarter. State Street Corp now owns 2,225,264 shares of the real estate investment trust’s stock worth $163,707,000 after acquiring an additional 58,453 shares during the last quarter. 85.52% of the stock is currently owned by institutional investors and hedge funds.

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LAMR has been the topic of a number of research reports. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley lowered their target price on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. Wells Fargo & Company lowered shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. MKM Partners lowered their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “neutral” rating and set a $66.00 target price (down from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Lamar Advertising has a consensus rating of “Hold” and an average price target of $73.00.

Lamar Advertising Company (NASDAQ:LAMR) traded down $0.01 during trading on Tuesday, reaching $76.55. The company’s stock had a trading volume of 702,700 shares, compared to its average volume of 602,921. Lamar Advertising Company has a 12 month low of $62.45 and a 12 month high of $79.09. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $6,430.00, a P/E ratio of 15.34, a P/E/G ratio of 5.28 and a beta of 1.14.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same period last year, the business posted $0.87 EPS. Lamar Advertising’s revenue was up 3.0% compared to the same quarter last year. equities analysts anticipate that Lamar Advertising Company will post 4.83 EPS for the current fiscal year.

Lamar Advertising Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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