Lamar Advertising Company (LAMR) - Citigroup Holds Rating And Sets New Price Target

Teachers Advisors LLC now owns 74,944 shares of the real estate investment trust's stock worth $5,039,000 after buying an additional 8,452 shares in the last quarter. The Pennsylvania-based Susquehanna Group Inc Limited Liability Partnership has invested 0% in Lamar Advertising Company (NASDAQ:LAMR). Renaissance Technologies LLC purchased a new stake in Lamar Advertising during the fourth quarter worth $3,430,000. Creative Planning raised its position in shares of Lamar Advertising by 11.1% in the first quarter. Creative Planning now owns 2,906 shares of the real estate investment trust's stock worth $217,000 after buying an additional 290 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Lamar Advertising during the first quarter worth $84,308,000. AQR Capital Management LLC boosted its stake in Lamar Advertising by 5.0% in the fourth quarter. Capstone Asset Management raised its stake in stocks of Lamar Advertising by 2.5% in the Q1.

Columbia Wanger Asset Management LLC says it sold 36,143 shares in quarter ending 06/30/2017 decreasing its exposure to Lamar Advertising Company by 6.5%. It last trading capacity has been noted with 0.84 million shares and 0.53 million shares are observed as exploring the average capacity of last three months trading period. It worsened, as 35 investors sold Lamar Advertising Company shares while 103 reduced holdings.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.94 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.31 by $0.37. Lamar Advertising had a return on equity of 27.42% and a net margin of 19.18%. The company had revenue of $397.10 million during the quarter, compared to analysts' expectations of $399.09 million. Lamar Advertising's revenue for the quarter was up 2.5% on a year-over-year basis. As of the last earnings report the EPS was $3.05 and is projected to be $3.12 for the current year with 98,033,000 shares now outstanding. Fin Service Corporation has invested 0% of its portfolio in Lamar Advertising Company (NASDAQ:LAMR). If you are reading this article on another publication, it was illegally stolen and republished in violation of USA & global trademark and copyright law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/13/lamar-advertising-nasdaqlamr-given-daily-media-sentiment-rating-of-0-11-updated-updated.html.

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A number of other equities research analysts have also commented on the stock. BidaskClub lowered Lamar Advertising from a "hold" rating to a "sell" rating in a research note on Monday, July 17th. ValuEngine lifted Lamar Advertising from a "hold" recommendation to a "buy" recommendation in a analysis note on Tue, Jun 20th. Finally, MKM Partners lowered their price target on Lamar Advertising from $73.00 to $72.00 and set a neutral rating on the stock in a research report on Monday, May 15th. Zacks Investment Research raised Lamar Advertising from a sell rating to a hold rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock.

On August 11 Citigroup kept the company rating at "Neutral" but raised the price target to $66.00 from $61.00.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising stock in a transaction on Wednesday, May 24th. Shares were disposed in a price range of $70.61, amounting to $1,412,200.00. after the transaction, the director has an ownership of 5,970 stocks in the company, assessed at roughly $421,541.70. Shares of the company are trading at $65.13 which is quite a bit lower than $71.17, the stock's 50 day moving average and significantly lower than the 200 day moving average of $73.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Victory Capital Management Inc. now owns 1,326,053 shares of the real estate investment trust's stock worth $99,109,000 after buying an additional 1,322,780 shares during the last quarter. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.01% of its portfolio in Lamar Advertising Company (NASDAQ:LAMR). The Company's Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale worldwide long distance traffic termination.

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