Economy

Lamar Advertising Company (NASDAQ:LAMR) Position Decreased by Fred Alger Management Inc

The firm owned 222,308 shares of the real estate investment trust's stock after selling 179,692 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Lamar Advertising by 7.5% in the second quarter.

A number of other research analysts have also issued reports on the company. Thrivent Financial For Lutherans now owns 33,462 shares of the real estate investment trust's stock valued at $2,462,000 after purchasing an additional 1,930 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Lamar Advertising during the 1st quarter worth about $220,000. First Trust Advisors LP grew its stake in shares of Lamar Advertising by 30.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. owns 27,615 shares valued at $1,951,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Lamar Advertising by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the real estate investment trust's stock worth $1,604,000 after purchasing an additional 900 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Lamar Advertising by 9.5% in the 2nd quarter. Aureus Asset Management LLC now owns 6,005 shares of the real estate investment trust's stock worth $442,000 after purchasing an additional 94 shares during the period.

The stock increased 0.98% or $0.67 during the last trading session, reaching $69.31. The original version of this report can be accessed at https://weekherald.com/2017/10/14/lamar-advertising-company-lamr-shares-bought-by-fmr-llc.html. Lamar Advertising Company has a 52 week low of $58.68 and a 52 week high of $79.09. The 50 day moving average went up by +5.49% whereas the 200 day average was down by -0.41%. The stock has a market capitalization of $6.81 billion, a P/E ratio of 22.80 and a beta of 1.09.

ILLEGAL ACTIVITY WARNING: "New York State Common Retirement Fund Has $14.44 Million Position in Lamar Advertising Company (NASDAQ:LAMR)" was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Its up 0.24, from 1.01 in 2017Q1. The business had revenue of $397.10 million for the quarter, compared to analyst estimates of $399.09 million. Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. Lamar Advertising's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. After having $1.39 EPS previously, Lamar Advertising Company's analysts see -5.04 % EPS growth.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Days to cover decreased -4.0 to 10.0 and the percentage of shorted shares is 0.08% as of September 15. The ex-dividend date was Thursday, September 14th. Lamar Advertising Co New now has $5.80B valuation. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright laws. Lamar Advertising had 18 analyst reports since August 6, 2015 according to SRatingsIntel.

LAMR has been the subject of several research analyst reports. State Of Wisconsin Inv Board has 0% invested in Lamar Advertising Company (NASDAQ:LAMR) for 16,514 shares. MKM Partners reduced their price objective on Lamar Advertising from $72.00 to $64.00 and set a "neutral" rating for the company in a research note on Wednesday, August 9th. Loop Capital initiated Lamar Advertising Company (NASDAQ:LAMR) on Tuesday, September 13 with "Buy" rating. Wells Fargo downgraded the shares of LAMR in report on Wednesday, July 26 to "Hold" rating. Zacks Investment Research lowered shares of Lamar Advertising Company from a "hold" rating to a "sell" rating in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. The stock has "Hold" rating by Gabelli on Friday, July 22. Maryland-based Profund Advsrs Ltd has invested 0.04% in Lamar Advertising Company (NASDAQ:LAMR). Putnam Invs Limited Liability invested 0.01% in Lamar Advertising Company (NASDAQ:LAMR).



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