Quantbot Technologies LP Increases Position in Lamar Advertising Company $LAMR

Quantbot Technologies LP grew its position in Lamar Advertising Company (NASDAQ:LAMR) by 243.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,501 shares of the real estate investment trust’s stock after buying an additional 41,482 shares during the quarter. Quantbot Technologies LP owned 0.06% of Lamar Advertising worth $7,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp grew its position in Lamar Advertising by 39.8% in the 2nd quarter. M&T Bank Corp now owns 25,205 shares of the real estate investment trust’s stock valued at $3,058,000 after acquiring an additional 7,180 shares in the last quarter. Boston Family Office LLC purchased a new position in Lamar Advertising in the second quarter valued at $206,000. First National Advisers LLC grew its stake in Lamar Advertising by 91.4% during the 2nd quarter. First National Advisers LLC now owns 8,435 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 4,027 shares in the last quarter. Berry Wealth Group LP increased its holdings in Lamar Advertising by 6.3% during the 2nd quarter. Berry Wealth Group LP now owns 2,363 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 140 shares during the period. Finally, New York State Common Retirement Fund raised its position in Lamar Advertising by 0.6% in the 2nd quarter. New York State Common Retirement Fund now owns 51,471 shares of the real estate investment trust’s stock valued at $6,247,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR opened at $131.85 on Wednesday. The firm has a fifty day moving average price of $123.54 and a 200 day moving average price of $123.08. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $134.63. The stock has a market cap of $13.35 billion, a PE ratio of 30.66 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $585.54 million for the quarter, compared to analyst estimates of $584.00 million. As a group, sell-side analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LAMR shares. Wells Fargo & Company lowered their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday. Finally, Citigroup lifted their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and an average target price of $131.75.

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.