Captrust Financial Advisors Decreases Stake in Lamar Advertising (NASDAQ:LAMR)

Captrust Financial Advisors lessened its stake in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 19.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,716 shares of the real estate investment trust's stock after selling 5,563 shares during the quarter. Captrust Financial Advisors' holdings in Lamar Advertising were worth $3,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in 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. grew its holdings 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 acquiring an additional 39,845 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Lamar Advertising by 81.3% in 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 purchasing an additional 420,311 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Lamar Advertising by 148.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust's stock worth $58,058,000 after purchasing an additional 259,979 shares during the period. Finally, Boston Trust Walden Corp lifted its position in Lamar Advertising by 2.0% in the 3rd quarter. Boston Trust Walden Corp now owns 407,813 shares of the real estate investment trust's stock valued at $54,484,000 after purchasing an additional 8,135 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LAMR shares. Morgan Stanley increased 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. StockNews.com lowered shares of Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Wells Fargo & Company dropped their target price on Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, TD Cowen increased their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $132.40.

Lamar Advertising Stock Down 0.1 %

LAMR traded down $0.08 during trading hours on Thursday, hitting $132.46. 189,244 shares of the company's stock were exchanged, compared to its average volume of 409,076. Lamar Advertising has a 1-year low of $100.15 and a 1-year high of $139.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The stock's 50-day moving average is $132.52 and its two-hundred day moving average is $124.54. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 26.51 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same period in the prior year, the company earned $2.04 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Lamar Advertising will post 7.52 earnings per share for the current fiscal year.

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.