Ethos Financial Group LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,863 shares of the real estate investment trust's stock, valued at approximately $895,000.
A number of other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the first quarter worth $28,000. HHM Wealth Advisors LLC boosted its position in shares of Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock worth $31,000 after buying an additional 269 shares during the period. ST Germain D J Co. Inc. boosted its position in shares of Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock worth $32,000 after buying an additional 218 shares during the period. Bessemer Group Inc. boosted its position in shares of Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after buying an additional 94 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Lamar Advertising in the first quarter worth $60,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on LAMR. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Wells Fargo & Company decreased their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and raised their target price for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Finally, Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $134.20.
Get Our Latest Report on Lamar Advertising
Lamar Advertising Stock Up 1.7%
NASDAQ LAMR traded up $2.06 on Wednesday, reaching $122.61. The stock had a trading volume of 726,759 shares, compared to its average volume of 631,700. The business has a 50 day moving average price of $122.47 and a 200 day moving average price of $119.14. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 28.51 and a beta of 1.36.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The firm had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.
Lamar Advertising Profile
(
Free Report)
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.
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