Great Valley Advisor Group Inc. Has $276,000 Stake in Lamar Advertising (NASDAQ:LAMR)

Great Valley Advisor Group Inc. decreased its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 15.4% during the third quarter, HoldingsChannel.com reports. The fund owned 2,064 shares of the real estate investment trust’s stock after selling 377 shares during the period. Great Valley Advisor Group Inc.’s holdings in Lamar Advertising were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LAMR. O Shaughnessy Asset Management LLC increased its holdings in shares of Lamar Advertising by 18.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,301 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 522 shares during the last quarter. PEAK6 Investments LLC acquired a new position in shares of Lamar Advertising during the 1st quarter valued at about $765,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Lamar Advertising by 4.1% during the 1st 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 acquiring an additional 22,382 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Lamar Advertising by 19.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,428 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 558 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Lamar Advertising during the 1st quarter valued at approximately $228,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.4 %

Lamar Advertising stock opened at $133.62 on Thursday. The business has a 50 day moving average price of $132.57 and a two-hundred day moving average price of $124.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 26.72 and a beta of 1.52. Lamar Advertising has a 12 month low of $97.99 and a 12 month high of $139.88.

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

Analysts Set New Price Targets

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

Lamar Advertising 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.