LFL Advisers LLC Has $36.02 Million Stake in Lamar Advertising Company $LAMR

LFL Advisers LLC boosted its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,779 shares of the real estate investment trust’s stock after acquiring an additional 8,386 shares during the quarter. Lamar Advertising accounts for about 14.4% of LFL Advisers LLC’s investment portfolio, making the stock its 3rd largest holding. LFL Advisers LLC’s holdings in Lamar Advertising were worth $36,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. True Wealth Design LLC lifted its position in Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. 1248 Management LLC bought a new position in shares of Lamar Advertising in the first quarter worth approximately $26,000. Ameritas Advisory Services LLC purchased a new position in shares of Lamar Advertising in the second quarter worth $28,000. Loomis Sayles & Co. L P bought a new stake in Lamar Advertising during the 2nd quarter valued at $34,000. Finally, Truvestments Capital LLC raised its holdings in Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 140 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 0.2%

Shares of Lamar Advertising stock opened at $132.50 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04. The company’s fifty day simple moving average is $123.96 and its two-hundred day simple moving average is $123.21. The company has a market cap of $13.42 billion, a P/E ratio of 31.10 and a beta of 1.23. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $134.63.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. Research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LAMR. Citigroup raised their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday. JPMorgan Chase & Co. raised their target price on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company reduced their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $131.75.

Lamar Advertising 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.