Eudaimonia Advisors LLC Has $11.43 Million Holdings in Lamar Advertising (NASDAQ:LAMR)

Eudaimonia Advisors LLC trimmed its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,554 shares of the real estate investment trust’s stock after selling 299 shares during the period. Lamar Advertising accounts for about 7.4% of Eudaimonia Advisors LLC’s investment portfolio, making the stock its biggest holding. Eudaimonia Advisors LLC’s holdings in Lamar Advertising were worth $11,431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LAMR. Geneos Wealth Management Inc. grew its holdings in Lamar Advertising by 93.0% during the third quarter. Geneos Wealth Management Inc. now owns 359 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 173 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Lamar Advertising in the third quarter valued at approximately $30,000. Signaturefd LLC boosted its holdings in shares of Lamar Advertising by 43.7% in the third quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 150 shares during the period. Arlington Trust Co LLC acquired a new position in shares of Lamar Advertising in the fourth quarter valued at approximately $57,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Lamar Advertising by 249.0% in the third quarter. Sunbelt Securities Inc. now owns 705 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 503 shares during the period. 93.78% of the stock is owned by institutional investors.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $118.97, for a total value of $594,850.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $1,189,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.98% of the stock is currently owned by corporate insiders.

Lamar Advertising Stock Performance

NASDAQ LAMR traded up $0.93 on Tuesday, hitting $114.64. 235,145 shares of the stock were exchanged, compared to its average volume of 408,344. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.52 and a quick ratio of 0.52. The business’s fifty day moving average is $113.65 and its 200 day moving average is $103.88. Lamar Advertising has a 52 week low of $77.21 and a 52 week high of $121.99. The company has a market capitalization of $11.70 billion, a PE ratio of 23.74 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.49). The company had revenue of $555.91 million during the quarter, compared to the consensus estimate of $549.84 million. Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. During the same period in the previous year, the company earned $1.91 earnings per share. Research analysts anticipate that Lamar Advertising will post 7.54 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.30 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 4.54%. Lamar Advertising’s dividend payout ratio is 107.22%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Morgan Stanley increased their target price on shares of Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th.

About Lamar Advertising

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.