November 30, 2016 - By Richard Conner · 0 Comments
Lamar Advertising Co (NASDAQ:LAMR) institutional sentiment decreased to 1.2 in 2016 Q2. Its down -0.15, from 1.35 in 2016Q1. The ratio dropped, as 146 investment professionals increased and started new equity positions, while 108 sold and decreased stock positions in Lamar Advertising Co. The investment professionals in our partner’s database now hold: 77.24 million shares, down from 77.51 million shares in 2016Q1. Also, the number of investment professionals holding Lamar Advertising Co in their top 10 equity positions decreased from 6 to 5 for a decrease of 1. Sold All: 20 Reduced: 88 Increased: 115 New Position: 31.
Lamar Advertising Company is an outdoor advertising firm in the United States. The company has a market cap of $6.46 billion. The Firm operates in the advertising segment. It has a 21.98 P/E ratio. The Firm sells advertising on billboards, buses, shelters, benches and logo plates.
About 398,530 shares traded hands. Lamar Advertising Co (NASDAQ:LAMR) has risen 8.46% since April 27, 2016 and is uptrending. It has outperformed by 3.23% the S&P500.
Analysts await Lamar Advertising Co (NASDAQ:LAMR) to report earnings on February, 28. They expect $1.21 EPS, down 4.72% or $0.06 from last year’s $1.27 per share. LAMR’s profit will be $117.83 million for 13.73 P/E if the $1.21 EPS becomes a reality. After $1.37 actual EPS reported by Lamar Advertising Co for the previous quarter, Wall Street now forecasts -11.68% negative EPS growth.
According to Zacks Investment Research, “Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. They also operate the largest logo sign business in the United States and transit advertising displays on bus shelters, bus benches and buses in several markets. Logo signs are signs located near highway exits which deliver brand name information on available gas, food, lodging and camping services.”
Fairview Capital Investment Management Llc holds 6.24% of its portfolio in Lamar Advertising Co for 1.16 million shares. Cwh Capital Management Inc. owns 81,890 shares or 3.93% of their US portfolio. Moreover, Hamlin Capital Management Llc has 3.08% invested in the company for 960,411 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 2.31% in the stock. American Trust Investment Advisors Llc, a New Hampshire-based fund reported 32,803 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 sale for $1.53 million net activity.
Ratings analysis reveals 57% of Lamar Advertising’s analysts are positive. Out of 7 Wall Street analysts rating Lamar Advertising, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $57 while the high is $82. The stock’s average target of $67.29 is 1.31% above today’s ($66.42) share price. LAMR was included in 12 notes of analysts from August 6, 2015. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, August 6. The stock has “Neutral” rating given by M Partners on Friday, January 8. On Friday, July 22 the stock rating was downgraded by Gabelli to “Hold”. The stock has “Neutral” rating given by M Partners on Wednesday, February 24. The stock has “Hold” rating given by Topeka Capital Markets on Thursday, November 5. The stock of Lamar Advertising Co (NASDAQ:LAMR) has “Buy” rating given on Tuesday, December 8 by Topeka Capital Markets. The company was maintained on Monday, September 21 by Topeka Capital Markets. The rating was maintained by FBR Capital with “Outperform” on Thursday, November 5. Wedbush maintained the stock with “Neutral” rating in Wednesday, February 24 report. Loop Capital initiated Lamar Advertising Co (NASDAQ:LAMR) rating on Tuesday, September 13. Loop Capital has “Buy” rating and $82 price target.
Lamar Advertising Company, incorporated on May 16, 2014, is an outdoor advertising company. The Firm operates in the advertising segment. It is engaged in the rental of advertising space on outdoor advertising displays owned and operated by the Company. The Firm leases space for advertising on billboards, buses, shelters, benches and logo plates. It offers its clients an integrated service, covering all aspects of their billboard display requirements from advertisement copy production to placement and maintenance. It operates approximately three types of outdoor advertising displays, including billboards, logo signs and transit advertising displays.
Another recent and important Lamar Advertising Co (NASDAQ:LAMR) news was published by Forbes.com which published an article titled: “Lamar Advertising (LAMR) Passes Through 5% Yield Mark” on September 09, 2016.
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By Richard Conner