Comerica Bank increased its stake in Lamar Advertising Company (NASDAQ:LAMR) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,971 shares of the real estate investment trust’s stock after acquiring an additional 10,212 shares during the period. Comerica Bank owned approximately 0.15% of Lamar Advertising worth $10,535,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Oakbrook Investments LLC lifted its position in Lamar Advertising by 0.6% during the second quarter. Oakbrook Investments LLC now owns 3,570 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 20 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Lamar Advertising by 0.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Lamar Advertising by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,185 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 86 shares during the period. Aureus Asset Management LLC raised its stake in shares of Lamar Advertising by 1.6% during the second quarter. Aureus Asset Management LLC now owns 6,005 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 94 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in shares of Lamar Advertising by 0.7% during the second quarter. State of Wisconsin Investment Board now owns 16,514 shares of the real estate investment trust’s stock valued at $1,215,000 after purchasing an additional 110 shares during the period. 85.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on LAMR shares. Morgan Stanley dropped their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, September 18th. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Wells Fargo & Company lowered shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Citigroup Inc. restated a “neutral” rating and issued a $66.00 price target (down previously from $69.00) on shares of Lamar Advertising in a research note on Friday, August 11th. Finally, BidaskClub lowered shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.00.

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Lamar Advertising Company (NASDAQ:LAMR) traded up $0.78 during trading on Friday, reaching $76.46. 519,800 shares of the company’s stock were exchanged, compared to its average volume of 602,750. The firm has a market capitalization of $7,449.26, a P/E ratio of 15.17, a PEG ratio of 5.22 and a beta of 1.14. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising Company has a 1 year low of $62.30 and a 1 year high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts predict that Lamar Advertising Company will post 4.83 EPS for the current year.

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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