SG Americas Securities LLC Sells 4,105 Shares of Lamar Advertising Company $LAMR

SG Americas Securities LLC decreased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 46.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,746 shares of the real estate investment trust’s stock after selling 4,105 shares during the period. SG Americas Securities LLC’s holdings in Lamar Advertising were worth $576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC grew its stake in Lamar Advertising by 2.5% in the second quarter. Meridian Wealth Management LLC now owns 32,820 shares of the real estate investment trust’s stock worth $3,983,000 after purchasing an additional 794 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Lamar Advertising by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,602 shares of the real estate investment trust’s stock valued at $2,743,000 after buying an additional 1,581 shares in the last quarter. ABN Amro Investment Solutions purchased a new stake in shares of Lamar Advertising in the 2nd quarter worth about $5,945,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Lamar Advertising by 5.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 33,254 shares of the real estate investment trust’s stock worth $4,036,000 after acquiring an additional 1,779 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Lamar Advertising by 27.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock worth $284,577,000 after acquiring an additional 510,025 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LAMR. Morgan Stanley boosted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Wednesday, November 19th. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Citigroup lifted their price objective on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company cut their target price on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Lamar Advertising has an average rating of “Hold” and a consensus target price of $131.75.

Lamar Advertising Price Performance

Shares of LAMR opened at $132.54 on Wednesday. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $135.91. The company has a market capitalization of $13.42 billion, a P/E ratio of 30.82 and a beta of 1.36. The firm has a 50 day moving average of $122.79 and a 200 day moving average of $122.58. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, beating the consensus estimate of $2.14 by $0.06. The business had revenue of $585.54 million for the quarter, compared to the consensus estimate of $584.00 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. As a group, equities research analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

About Lamar Advertising

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.