BB&T Securities LLC increased its stake in Lamar Advertising Company (NASDAQ:LAMR) by 38.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,125 shares of the real estate investment trust’s stock after buying an additional 27,250 shares during the period. BB&T Securities LLC’s holdings in Lamar Advertising were worth $7,219,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. increased its stake in Lamar Advertising by 1.0% in the first quarter. Tealwood Asset Management Inc. now owns 70,869 shares of the real estate investment trust’s stock valued at $5,297,000 after buying an additional 728 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Lamar Advertising by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 39,935 shares of the real estate investment trust’s stock valued at $2,985,000 after buying an additional 1,097 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in Lamar Advertising by 1.6% in the first quarter. First Citizens Bank & Trust Co. now owns 4,867 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 75 shares during the last quarter. ProShare Advisors LLC increased its stake in Lamar Advertising by 244.0% in the first quarter. ProShare Advisors LLC now owns 102,740 shares of the real estate investment trust’s stock valued at $2,207,000 after buying an additional 72,876 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Lamar Advertising by 2.7% in the first quarter. Profund Advisors LLC now owns 13,713 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 360 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

Shares of Lamar Advertising Company (NASDAQ LAMR) opened at 64.24 on Monday. Lamar Advertising Company has a 12 month low of $58.68 and a 12 month high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.37. The business had revenue of $397.10 million during the quarter, compared to the consensus estimate of $399.09 million. Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. Equities research analysts anticipate that Lamar Advertising Company will post $3.11 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Lamar Advertising Company (LAMR) Shares Bought by BB&T Securities LLC” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/21/lamar-advertising-company-lamr-shares-bought-by-bbt-securities-llc.html.

Several research firms have recently weighed in on LAMR. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Wells Fargo & Company downgraded shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, MKM Partners reissued a “neutral” rating and issued a $72.00 target price (down previously from $73.00) on shares of Lamar Advertising in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.40.

In other news, Director Stephen P. Mumblow sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total value of $1,412,200.00. Following the transaction, the director now owns 5,970 shares of the company’s stock, valued at approximately $421,541.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.66% of the stock is currently owned by company insiders.

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Want to see what other hedge funds are holding LAMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamar Advertising Company (NASDAQ:LAMR).

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

Receive News & Stock Ratings for Lamar Advertising Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising Company and related stocks with our FREE daily email newsletter.