Lamar Advertising (NASDAQ:LAMR) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Lamar Advertising (NASDAQ:LAMR) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,582 shares of the real estate investment trust’s stock after selling 1,698 shares during the period. SG Americas Securities LLC’s holdings in Lamar Advertising were worth $1,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Lamar Advertising by 22.7% in the 2nd quarter. FMR LLC now owns 923,416 shares of the real estate investment trust’s stock worth $67,936,000 after acquiring an additional 171,001 shares during the period. Advisor Group Inc. increased its holdings in Lamar Advertising by 22.9% during the 2nd quarter. Advisor Group Inc. now owns 4,029 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 752 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Lamar Advertising by 2.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 120,632 shares of the real estate investment trust’s stock valued at $8,875,000 after purchasing an additional 3,206 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lamar Advertising by 2,271.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 216,318 shares of the real estate investment trust’s stock valued at $15,914,000 after purchasing an additional 207,195 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Lamar Advertising by 29.9% during the 2nd quarter. Voya Investment Management LLC now owns 42,815 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 9,857 shares in the last quarter. 84.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen P. Mumblow sold 4,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the transaction, the director now directly owns 11,031 shares in the company, valued at approximately $864,058.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.70% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on LAMR shares. Morgan Stanley lifted their target price on Lamar Advertising from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Citigroup lowered Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price on the stock. in a report on Wednesday, December 20th. BidaskClub lowered Lamar Advertising from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Zacks Investment Research lowered Lamar Advertising from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Lamar Advertising presently has an average rating of “Hold” and a consensus price target of $72.25.

Lamar Advertising (LAMR) traded up $0.98 during midday trading on Thursday, reaching $68.03. The company’s stock had a trading volume of 855,800 shares, compared to its average volume of 589,314. 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 12-month low of $62.45 and a 12-month high of $79.17. The company has a market capitalization of $5,720.00, a PE ratio of 21.53, a PEG ratio of 4.35 and a beta of 1.02.

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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.

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

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