Independent Advisor Alliance Boosts Position in Lamar Advertising (NASDAQ:LAMR)

Independent Advisor Alliance raised its position in Lamar Advertising (NASDAQ:LAMR) by 9.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,321 shares of the real estate investment trust’s stock after acquiring an additional 202 shares during the quarter. Independent Advisor Alliance’s holdings in Lamar Advertising were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Lamar Advertising by 81.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock valued at $112,052,000 after acquiring an additional 420,311 shares during the period. Los Angeles Capital Management LLC purchased a new position in Lamar Advertising during the third quarter valued at $43,665,000. International Assets Investment Management LLC grew its holdings in Lamar Advertising by 49,140.4% during the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock valued at $38,090,000 after purchasing an additional 284,523 shares during the period. Daiwa Securities Group Inc. increased its position in Lamar Advertising by 148.9% in the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after buying an additional 259,979 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Lamar Advertising by 42,096.3% in the third quarter. Asset Management One Co. Ltd. now owns 126,167 shares of the real estate investment trust’s stock worth $16,856,000 after buying an additional 125,868 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

LAMR stock opened at $133.62 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The company’s fifty day moving average price is $132.61 and its 200-day moving average price is $124.15. Lamar Advertising has a one year low of $97.99 and a one year high of $139.88. The company has a market capitalization of $13.68 billion, a PE ratio of 26.72 and a beta of 1.52.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data 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 company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. During the same period last year, the company earned $2.04 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Analyst Ratings Changes

LAMR has been the subject of a number of recent research reports. TD Cowen boosted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company dropped their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley upped their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.