Worth Venture Partners LLC Buys New Shares in Lamar Advertising Company $LAMR

Key Points

• Worth Venture Partners LLC acquired a new stake in Lamar Advertising Company, purchasing 2,000 shares valued at approximately $228,000, making it the 23rd largest position in their portfolio.
• Several analysts have updated their ratings for Lamar Advertising, with Morgan Stanley raising the price target from $125 to $135, while Citigroup changed their rating from "neutral" to "buy."
• The company reported an earnings per share (EPS) of $2.22 for the last quarter, surpassing analysts' expectations of $1.48, contributing to its 12-month stock performance variability with a low of $99.84 and a high of $139.88.

Worth Venture Partners LLC bought a new stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the real estate investment trust's stock, valued at approximately $228,000. Lamar Advertising accounts for about 0.4% of Worth Venture Partners LLC's portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Lamar Advertising in the first quarter valued at about $28,000. HHM Wealth Advisors LLC increased its stake in 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 valued at $31,000 after acquiring an additional 269 shares during the period. ST Germain D J Co. Inc. increased its stake in 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 valued at $32,000 after acquiring an additional 218 shares during the period. Bessemer Group Inc. lifted its holdings in Lamar Advertising by 33.9% during the 1st 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, Smartleaf Asset Management LLC lifted its holdings in Lamar Advertising by 172.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 390 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 93.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price target 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. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the company from $114.00 to $135.00 in a report on Thursday, May 29th. JPMorgan Chase & Co. cut their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Finally, Wells Fargo & Company decreased their target price on 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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $134.20.

Lamar Advertising Stock Up 3.6%

Shares of NASDAQ:LAMR opened at $126.78 on Monday. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $139.88. The company's 50-day moving average price is $122.66 and its two-hundred day moving average price is $119.05. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. The firm has a market cap of $12.83 billion, a P/E ratio of 29.48 and a beta of 1.36.

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 firm had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts forecast that Lamar Advertising Company will post 7.92 EPS 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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