Lamar Advertising (NASDAQ:LAMR) Holdings Decreased by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. trimmed its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 8.4% during the third quarter, Holdings Channel reports. The institutional investor owned 7,024 shares of the real estate investment trust’s stock after selling 645 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Lamar Advertising were worth $938,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 81.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust’s stock worth $112,052,000 after acquiring an additional 420,311 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $43,665,000. International Assets Investment Management LLC lifted its stake in Lamar Advertising by 49,140.4% during the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock valued at $38,090,000 after purchasing an additional 284,523 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Lamar Advertising by 148.9% during the third quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after buying an additional 259,979 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Lamar Advertising by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 235,267 shares of the real estate investment trust’s stock worth $31,432,000 after buying an additional 132,734 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Trading Down 1.1 %

Shares of NASDAQ:LAMR opened at $132.12 on Wednesday. The firm has a fifty day moving average of $132.52 and a two-hundred day moving average of $124.48. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12-month low of $100.15 and a 12-month high of $139.88. The firm has a market capitalization of $13.52 billion, a P/E ratio of 26.42 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). The firm had revenue of $564.10 million during the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities analysts expect that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LAMR. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. TD Cowen raised their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $132.40.

About Lamar Advertising

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.