Swiss National Bank increased its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,638 shares of the real estate investment trust’s stock after acquiring an additional 1,600 shares during the period. Swiss National Bank owned about 142,444.15% of Lamar Advertising worth $9,569,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Westpac Banking Corp acquired a new stake in shares of Lamar Advertising during the 2nd quarter valued at about $176,000. Penserra Capital Management LLC boosted its position in shares of Lamar Advertising by 9.5% during the 2nd 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 shares of Lamar Advertising during the 2nd quarter valued at about $204,000. Alpha Cubed Investments LLC acquired a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $211,000. Finally, SPC Financial Inc. acquired a new stake in shares of Lamar Advertising during the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 85.52% of the company’s stock.
LAMR has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. 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. Citigroup Inc. reiterated a “neutral” rating and set a $66.00 target price (down from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $73.00.
Lamar Advertising Company (NASDAQ LAMR) opened at $76.55 on Tuesday. The company has a market cap of $6,430.00, a PE ratio of 15.34, a price-to-earnings-growth ratio of 5.28 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. 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 released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.34). The firm 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%. Lamar Advertising’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. equities research analysts predict that Lamar Advertising Company will post 4.83 EPS for the current year.
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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