Lamar Advertising Company (NASDAQ:LAMR) was the target of some unusual options trading activity on Wednesday. Investors bought 2,679 call options on the company. This is an increase of 907% compared to the typical volume of 266 call options.

A number of hedge funds and other institutional investors have recently bought and sold shares of LAMR. Teachers Advisors LLC raised its holdings in Lamar Advertising by 3.8% during the first quarter. Teachers Advisors LLC now owns 77,771 shares of the real estate investment trust’s stock worth $5,813,000 after purchasing an additional 2,827 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lamar Advertising by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 9,123 shares of the real estate investment trust’s stock worth $682,000 after purchasing an additional 534 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Lamar Advertising by 118.4% during the first quarter. Renaissance Technologies LLC now owns 111,412 shares of the real estate investment trust’s stock worth $8,327,000 after purchasing an additional 60,400 shares in the last quarter. AQR Capital Management LLC raised its holdings in Lamar Advertising by 4.2% during the first quarter. AQR Capital Management LLC now owns 27,575 shares of the real estate investment trust’s stock worth $2,061,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Capstone Asset Management Co. raised its holdings in Lamar Advertising by 2.5% during the second quarter. Capstone Asset Management Co. now owns 9,499 shares of the real estate investment trust’s stock worth $699,000 after purchasing an additional 230 shares in the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. MKM Partners reduced their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $66.00 target price (down from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Morgan Stanley reduced their target price on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, September 18th. Finally, BidaskClub cut shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.00.

Shares of Lamar Advertising (NASDAQ LAMR) opened at $75.69 on Friday. The company has a market cap of $7,437.45, a PE ratio of 15.14, a PEG ratio of 5.21 and a beta of 1.14. Lamar Advertising has a 1-year low of $62.45 and a 1-year high of $79.09. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.34). The firm had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. sell-side analysts anticipate that Lamar Advertising will post 4.83 EPS for the current fiscal year.

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About Lamar Advertising

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.

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