HL Financial Services LLC Invests $212,000 in Lamar Advertising (LAMR) Stock

HL Financial Services LLC purchased a new position in Lamar Advertising (NASDAQ:LAMR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,849 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in shares of Lamar Advertising by 2.2% during the third quarter. Janus Henderson Group PLC now owns 8,306,313 shares of the real estate investment trust’s stock worth $569,232,000 after purchasing an additional 177,729 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of Lamar Advertising by 1.2% during the third quarter. Cohen & Steers Inc. now owns 2,955,566 shares of the real estate investment trust’s stock worth $202,545,000 after purchasing an additional 36,294 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Lamar Advertising by 8.0% during the third quarter. Victory Capital Management Inc. now owns 2,596,148 shares of the real estate investment trust’s stock worth $177,914,000 after purchasing an additional 192,925 shares during the period. State Street Corp lifted its holdings in shares of Lamar Advertising by 2.7% during the second quarter. State Street Corp now owns 2,225,264 shares of the real estate investment trust’s stock worth $163,707,000 after purchasing an additional 58,453 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lamar Advertising by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 2,199,900 shares of the real estate investment trust’s stock worth $150,760,000 after purchasing an additional 81,872 shares during the period. 84.37% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on LAMR shares. BidaskClub raised Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Citigroup downgraded Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a report on Wednesday, December 20th. Zacks Investment Research downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $71.75.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the transaction, the director now directly owns 11,031 shares of the company’s stock, valued at $864,058.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.70% of the company’s stock.

Lamar Advertising (NASDAQ:LAMR) opened at $67.93 on Thursday. Lamar Advertising has a twelve month low of $62.45 and a twelve month high of $79.17. The stock has a market capitalization of $6,682.48, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 4.40 and a beta of 1.02. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55.

Lamar Advertising (NASDAQ:LAMR) last announced 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). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. equities research analysts predict that Lamar Advertising will post 4.84 EPS for the current fiscal year.

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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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