BI Asset Management Fondsmaeglerselskab A S Sells 8,951 Shares of Lamar Advertising Company $LAMR

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Lamar Advertising Company by 95.5%, selling 8,951 shares and leaving it with only 425 shares valued at $48,000.
• Institutional investors hold 93.78% of Lamar Advertising's stock, with notable activities including significant increases from HHM Wealth Advisors LLC and ST Germain D J Co. Inc. during the first quarter.
• Analysts have mixed opinions on the stock, with Citigroup raising its rating to "buy"** and a consensus target price of $134.20, while JPMorgan and Wells Fargo have lowered their price objectives.

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 95.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 425 shares of the real estate investment trust's stock after selling 8,951 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Lamar Advertising were worth $48,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Lamar Advertising during the first quarter valued at about $28,000. HHM Wealth Advisors LLC grew its position in Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 269 shares during the period. ST Germain D J Co. Inc. grew its position in Lamar Advertising by 346.0% during the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 218 shares during the period. Bessemer Group Inc. lifted its holdings in Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 94 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Lamar Advertising during the first quarter valued at about $60,000. Institutional investors own 93.78% of the company's stock.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price objective for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. dropped their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Lamar Advertising currently has a consensus rating of "Hold" and a consensus target price of $134.20.

Lamar Advertising Trading Down 0.9%

Shares of Lamar Advertising stock opened at $125.60 on Tuesday. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.88. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 29.21 and a beta of 1.36. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. The company's 50-day moving average price is $122.78 and its 200-day moving average price is $119.04.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. 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, equities analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Profile

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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