BNP Paribas Financial Markets grew its stake in Lamar Advertising (NASDAQ:LAMR - Free Report) by 96.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 97,498 shares of the real estate investment trust's stock after acquiring an additional 47,746 shares during the period. BNP Paribas Financial Markets owned about 0.10% of Lamar Advertising worth $13,026,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in LAMR. Dimensional Fund Advisors LP grew its position in shares of Lamar Advertising by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,586 shares of the real estate investment trust's stock worth $159,283,000 after buying an additional 75,955 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Lamar Advertising by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,093,096 shares of the real estate investment trust's stock worth $146,038,000 after purchasing an additional 39,845 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Lamar Advertising by 81.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust's stock worth $112,052,000 after buying an additional 420,311 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Lamar Advertising by 148.9% in the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust's stock valued at $58,058,000 after purchasing an additional 259,979 shares during the period. Finally, Boston Trust Walden Corp raised its position in Lamar Advertising by 2.0% during the 3rd quarter. Boston Trust Walden Corp now owns 407,813 shares of the real estate investment trust's stock worth $54,484,000 after buying an additional 8,135 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Lamar Advertising Trading Down 0.3 %
NASDAQ LAMR traded down $0.38 during mid-day trading on Monday, hitting $133.64. The company's stock had a trading volume of 404,706 shares, compared to its average volume of 409,936. Lamar Advertising has a 52-week low of $100.15 and a 52-week high of $139.88. The stock's fifty day simple moving average is $132.62 and its two-hundred day simple moving average is $124.30. The firm has a market capitalization of $13.68 billion, a P/E ratio of 26.80 and a beta of 1.52. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). The company had revenue of $564.10 million for the quarter, compared to analysts' expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 earnings per share. Research analysts expect that Lamar Advertising will post 7.52 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently weighed in on LAMR shares. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Wells Fargo & Company decreased their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $132.40.
Get Our Latest Stock Analysis on Lamar Advertising
Lamar Advertising Profile
(
Free Report)
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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