Sivia Capital Partners LLC Invests $510,000 in Lamar Advertising Company $LAMR

Key Points

• Sivia Capital Partners LLC has invested approximately $510,000 in Lamar Advertising Company by acquiring 4,202 shares in the second quarter.
• Institutional investors now own 93.78% of Lamar Advertising's stock, with several firms, including Dynamic Advisor Solutions and Gateway Investment Advisers, increasing their holdings significantly during the same period.
• The company's CFO recently sold 22,000 shares for over $2.7 million, highlighting insider activity within the firm.

Sivia Capital Partners LLC purchased a new position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,202 shares of the real estate investment trust's stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC grew its position in Lamar Advertising by 2.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 46,256 shares of the real estate investment trust's stock worth $5,614,000 after acquiring an additional 1,295 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Lamar Advertising by 118.4% in the second quarter. Gateway Investment Advisers LLC now owns 39,206 shares of the real estate investment trust's stock worth $4,758,000 after purchasing an additional 21,253 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Lamar Advertising by 55.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 356 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in Lamar Advertising in the second quarter worth about $746,000. Finally, Parallel Advisors LLC lifted its stake in Lamar Advertising by 27.6% in the second quarter. Parallel Advisors LLC now owns 1,068 shares of the real estate investment trust's stock worth $130,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company's stock.

Wall Street Analysts Forecast Growth

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

Lamar Advertising Stock Down 1.0%

NASDAQ:LAMR traded down $1.29 during trading hours on Thursday, reaching $125.32. The company's stock had a trading volume of 488,829 shares, compared to its average volume of 527,729. The company has a market capitalization of $12.68 billion, a P/E ratio of 29.14 and a beta of 1.38. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month 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. The stock has a 50 day moving average price of $124.59 and a two-hundred day moving average price of $119.23.

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. The company had revenue of $579.31 million during the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Equities analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising's dividend payout ratio is presently 144.19%.

Insider Activity

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

Lamar Advertising Company 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.