LFL Advisers LLC Has $36.02 Million Position in Lamar Advertising Company $LAMR

LFL Advisers LLC grew its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,779 shares of the real estate investment trust’s stock after purchasing an additional 8,386 shares during the period. Lamar Advertising makes up 14.4% of LFL Advisers LLC’s portfolio, making the stock its 3rd biggest holding. LFL Advisers LLC owned about 0.29% of Lamar Advertising worth $36,017,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LAMR. True Wealth Design LLC boosted its stake in Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares during the period. 1248 Management LLC bought a new position in Lamar Advertising in the 1st quarter worth about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Lamar Advertising in the 2nd quarter valued at about $28,000. Loomis Sayles & Co. L P purchased a new stake in shares of Lamar Advertising in the 2nd quarter valued at about $34,000. Finally, Truvestments Capital LLC boosted its position in shares of Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Wells Fargo & Company dropped their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Citigroup increased their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.75.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $132.50 on Friday. The stock’s 50-day moving average is $123.96 and its 200 day moving average is $123.21. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 31.10 and a beta of 1.23. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $134.63. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. The business had revenue of $585.54 million for the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. On average, sell-side analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

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.