Lamar Advertising Company $LAMR Shares Sold by LFL Advisers LLC

Key Points

• LFL Advisers LLC has reduced its stake in Lamar Advertising Company by 2.6%, now holding 288,393 shares, which represents 14.4% of its overall investment portfolio.
• Several institutional investors increased their stakes in Lamar Advertising, with Caitong International Asset Management Co. Ltd notably raising its position by over 11,000%.
• Analysts have mixed views on Lamar Advertising's stock, with target prices ranging from $119.00 to $135.00 and an overall average rating of "Hold."

LFL Advisers LLC reduced its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 288,393 shares of the real estate investment trust's stock after selling 7,607 shares during the period. Lamar Advertising accounts for approximately 14.4% of LFL Advisers LLC's investment portfolio, making the stock its 4th largest holding. LFL Advisers LLC owned approximately 0.28% of Lamar Advertising worth $32,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Lamar Advertising during the first quarter worth about $28,000. HHM Wealth Advisors LLC raised its holdings 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 worth $31,000 after acquiring an additional 269 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings 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 worth $32,000 after acquiring an additional 218 shares in the last quarter. Bessemer Group Inc. increased its position in Lamar Advertising by 106.7% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock worth $34,000 after buying an additional 143 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Lamar Advertising during the first quarter worth approximately $60,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Stock Down 0.6%

Shares of NASDAQ:LAMR traded down $0.79 during trading on Thursday, reaching $121.82. 147,735 shares of the stock traded hands, compared to its average volume of 628,532. The stock has a market cap of $12.33 billion, a P/E ratio of 28.33 and a beta of 1.36. The stock has a 50-day moving average of $122.49 and a two-hundred day moving average of $119.16. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 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 business had revenue of $579.31 million during the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LAMR. JPMorgan Chase & Co. reduced their price target on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Wells Fargo & Company decreased their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price target for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Lamar Advertising currently has a consensus rating of "Hold" and a consensus target price of $134.20.

About Lamar Advertising

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.