Lamar Advertising (NASDAQ:LAMR) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. decreased its position in Lamar Advertising (NASDAQ:LAMR) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,064 shares of the real estate investment trust’s stock after selling 377 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Lamar Advertising were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Lamar Advertising by 18.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,301 shares of the real estate investment trust’s stock valued at $394,000 after purchasing an additional 522 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Lamar Advertising during the first quarter valued at $765,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lamar Advertising by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 566,644 shares of the real estate investment trust’s stock valued at $67,664,000 after purchasing an additional 22,382 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Lamar Advertising by 19.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,428 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 558 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Lamar Advertising during the first quarter valued at $228,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $133.62 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. Lamar Advertising has a fifty-two week low of $97.99 and a fifty-two week high of $139.88. The stock’s 50-day moving average is $132.57 and its two-hundred day moving average is $124.08. The firm has a market cap of $13.68 billion, a P/E ratio of 26.72 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. During the same period in the previous year, the company earned $2.04 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that Lamar Advertising will post 7.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on LAMR. Wells Fargo & Company reduced their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen upped their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.40.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.