Capital Management Corp VA grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 69.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,149 shares of the real estate investment trust’s stock after buying an additional 42,289 shares during the quarter. Lamar Advertising accounts for 2.0% of Capital Management Corp VA’s portfolio, making the stock its 28th largest position. Capital Management Corp VA owned about 0.11% of Lamar Advertising worth $7,069,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp acquired a new stake in Lamar Advertising in the second quarter valued at $176,000. Penserra Capital Management LLC raised its holdings in 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 acquiring an additional 214 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in Lamar Advertising in the second quarter valued at $204,000. Alpha Cubed Investments LLC acquired a new stake in shares of Lamar Advertising during the third quarter worth $211,000. Finally, SPC Financial Inc. acquired a new stake in shares of Lamar Advertising during the second quarter worth $221,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Several research firms have recently commented on LAMR. Wells Fargo & Company lowered shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. MKM Partners decreased their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Finally, Citigroup Inc. reiterated 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Lamar Advertising has a consensus rating of “Hold” and an average price target of $73.00.
Shares of Lamar Advertising Company (NASDAQ LAMR) traded up $4.95 on Monday, reaching $74.93. 504,745 shares of the company traded hands, compared to its average volume of 525,039. Lamar Advertising Company has a 52-week low of $58.68 and a 52-week high of $79.09. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $6,859.37, a price-to-earnings ratio of 14.11, a PEG ratio of 4.82 and a beta of 1.14.
Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $392.10 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was up 3.0% on a year-over-year basis. research analysts expect that Lamar Advertising Company will post 4.84 EPS for the current year.
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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.
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