Teachers Advisors LLC Has $10.12 Million Position in Lamar Advertising Co (LAMR)

Teachers Advisors LLC lifted its holdings in Lamar Advertising Co (NASDAQ:LAMR) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,048 shares of the real estate investment trust’s stock after buying an additional 11,202 shares during the quarter. Teachers Advisors LLC’s holdings in Lamar Advertising were worth $10,118,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LAMR. AQR Capital Management LLC increased its stake in Lamar Advertising by 7.1% in the third quarter. AQR Capital Management LLC now owns 30,258 shares of the real estate investment trust’s stock valued at $2,354,000 after purchasing an additional 2,003 shares during the last quarter. HRT Financial LLC acquired a new position in Lamar Advertising in the third quarter valued at $315,000. Great Lakes Advisors LLC acquired a new stake in Lamar Advertising during the third quarter worth about $209,000. Advisors Asset Management Inc. increased its stake in Lamar Advertising by 4.8% during the third quarter. Advisors Asset Management Inc. now owns 45,001 shares of the real estate investment trust’s stock worth $3,501,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Vectors Research Management LLC acquired a new stake in Lamar Advertising during the third quarter worth about $158,000. Hedge funds and other institutional investors own 83.78% of the company’s stock.

Shares of NASDAQ LAMR traded up $0.04 on Monday, hitting $75.23. The company had a trading volume of 11,086 shares, compared to its average volume of 302,128. Lamar Advertising Co has a 12-month low of $61.36 and a 12-month high of $80.68. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 14.90 and a beta of 1.03.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, November 8th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.44). Lamar Advertising had a return on equity of 27.51% and a net margin of 18.57%. The company had revenue of $418.50 million during the quarter, compared to analysts’ expectations of $421.29 million. During the same period in the previous year, the company earned $0.98 EPS. Lamar Advertising’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts expect that Lamar Advertising Co will post 5.12 EPS for the current fiscal year.

LAMR has been the subject of several research analyst reports. BidaskClub lowered Lamar Advertising from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research upgraded Lamar Advertising from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, December 11th. Morgan Stanley upped their price target on Lamar Advertising from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, December 7th. Imperial Capital restated an “outperform” rating and set a $88.00 price target (down from $94.00) on shares of Lamar Advertising in a research note on Wednesday, January 23rd. Finally, Wolfe Research initiated coverage on Lamar Advertising in a research note on Friday, December 7th. They set an “underperform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Lamar Advertising has an average rating of “Hold” and an average target price of $77.50.

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Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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

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