LFL Advisers LLC Has $3.81 Million Stake in Lamar Advertising (LAMR)

LFL Advisers LLC grew its holdings in Lamar Advertising (NASDAQ:LAMR) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,360 shares of the real estate investment trust’s stock after acquiring an additional 3,660 shares during the quarter. Lamar Advertising accounts for approximately 3.7% of LFL Advisers LLC’s investment portfolio, making the stock its 8th biggest position. LFL Advisers LLC’s holdings in Lamar Advertising were worth $3,813,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ARP Americas LP lifted its position in Lamar Advertising by 145.5% during the fourth quarter. ARP Americas LP now owns 16,982 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 10,065 shares during the period. American International Group Inc. lifted its position in Lamar Advertising by 1.7% during the fourth quarter. American International Group Inc. now owns 174,009 shares of the real estate investment trust’s stock worth $12,918,000 after purchasing an additional 2,952 shares during the period. UBS Asset Management Americas Inc. lifted its position in Lamar Advertising by 6.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 96,130 shares of the real estate investment trust’s stock worth $7,137,000 after purchasing an additional 6,077 shares during the period. BlackRock Inc. lifted its position in Lamar Advertising by 0.3% during the fourth quarter. BlackRock Inc. now owns 7,690,836 shares of the real estate investment trust’s stock worth $570,968,000 after purchasing an additional 23,986 shares during the period. Finally, Schroder Investment Management Group lifted its position in Lamar Advertising by 4.0% during the fourth quarter. Schroder Investment Management Group now owns 966,023 shares of the real estate investment trust’s stock worth $71,717,000 after purchasing an additional 37,515 shares during the period. 84.89% of the stock is owned by institutional investors.

Lamar Advertising (LAMR) opened at $70.07 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $6,897.06, a PE ratio of 14.04, a price-to-earnings-growth ratio of 4.54 and a beta of 1.02. Lamar Advertising has a 52 week low of $62.45 and a 52 week high of $79.17.

LAMR has been the subject of several recent analyst reports. BidaskClub raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Morgan Stanley upped their price objective on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Zacks Investment Research cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Citigroup downgraded Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $72.25.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $78.33, for a total transaction of $313,320.00. Following the completion of the transaction, the director now owns 11,031 shares of the company’s stock, valued at $864,058.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 14.70% of the stock is currently owned by insiders.

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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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