Lamar Advertising Sees Unusually Large Options Volume (LAMR)

Lamar Advertising Company (NASDAQ:LAMR) was the recipient of some unusual options trading activity on Friday. Investors bought 2,510 call options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 call options.

Shares of Lamar Advertising (NASDAQ LAMR) opened at $76.26 on Wednesday. The company has a market cap of $7,509.30, a price-to-earnings ratio of 15.29, a PEG ratio of 5.26 and a beta of 1.14. 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 has a twelve month low of $60.70 and a twelve month 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 the consensus estimate of $1.32 by ($0.34). The business had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $392.10 million. Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. sell-side analysts predict that Lamar Advertising will post 4.83 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Oakbrook Investments LLC raised 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 worth $263,000 after acquiring an additional 20 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in 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 worth $634,000 after acquiring an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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 worth $896,000 after acquiring an additional 86 shares during the period. Aureus Asset Management LLC raised its position in 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 worth $442,000 after acquiring an additional 94 shares during the period. Finally, State of Wisconsin Investment Board raised its position in 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 worth $1,215,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

LAMR has been the subject of several analyst reports. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Morgan Stanley reduced their price target 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. Wells Fargo & Company lowered shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $66.00 price objective (down previously from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $73.00.

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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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