Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,183 shares of the real estate investment trust’s stock after buying an additional 1,331 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Lamar Advertising were worth $1,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westpac Banking Corp acquired a new position in shares of Lamar Advertising in the second quarter valued at approximately $176,000. Penserra Capital Management LLC grew its position in shares of Lamar Advertising by 9.5% in the second quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 214 shares during the last quarter. Verity Asset Management Inc. acquired a new position in shares of Lamar Advertising in the second quarter valued at approximately $204,000. SPC Financial Inc. acquired a new position in shares of Lamar Advertising in the second quarter valued at approximately $221,000. Finally, Creative Planning grew its position in shares of Lamar Advertising by 4.7% in the second quarter. Creative Planning now owns 3,042 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 136 shares during the last quarter. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have recently commented on LAMR shares. Morgan Stanley decreased their target price on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. MKM Partners decreased their target price on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. BidaskClub downgraded Lamar Advertising from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $66.00 target price (down previously from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Lamar Advertising currently has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of Lamar Advertising Company (LAMR) opened at $77.16 on Monday. The stock has a market capitalization of $6,430.00, a P/E ratio of 15.34, a P/E/G ratio of 5.28 and a beta of 1.14. Lamar Advertising Company has a 12-month low of $62.45 and a 12-month high of $79.09. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.55 and a current ratio of 1.55.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.34). The company had revenue of $399.30 million for the quarter, compared to analyst estimates of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. analysts forecast that Lamar Advertising Company will post 4.83 EPS for the current fiscal year.

Lamar Advertising Profile

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.

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

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