Lamar Advertising Company (LAMR) Stake Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,264 shares of the real estate investment trust’s stock after acquiring an additional 1,856 shares during the quarter. Pacer Advisors Inc.’s holdings in Lamar Advertising were worth $840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in Lamar Advertising during the 2nd quarter worth $598,020,000. Victory Capital Management Inc. lifted its holdings in Lamar Advertising by 81.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,403,223 shares of the real estate investment trust’s stock worth $176,805,000 after buying an additional 1,077,170 shares in the last quarter. BlackRock Inc. lifted its holdings in Lamar Advertising by 7.5% during the 2nd quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock worth $559,646,000 after buying an additional 528,392 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Lamar Advertising during the 2nd quarter worth $33,402,000. Finally, Renaissance Technologies LLC lifted its holdings in Lamar Advertising by 251.7% during the 2nd quarter. Renaissance Technologies LLC now owns 391,800 shares of the real estate investment trust’s stock worth $28,825,000 after buying an additional 280,388 shares in the last quarter. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Company (NASDAQ LAMR) opened at $75.69 on Monday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $6,360.00, a price-to-earnings ratio of 15.17, a PEG ratio of 5.22 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.

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

Several research firms have issued reports on LAMR. ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Morgan Stanley reduced their price objective on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, September 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $66.00 price objective (down previously from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. BidaskClub downgraded Lamar Advertising from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, MKM Partners reduced their price objective on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. One research 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 presently has a consensus rating of “Hold” and a consensus target price of $73.00.

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Lamar Advertising Company 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.

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

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