Elo Mutual Pension Insurance Co Takes Position in Lamar Advertising Company $LAMR

Elo Mutual Pension Insurance Co bought a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,161 shares of the real estate investment trust’s stock, valued at approximately $1,233,000.

Several other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 168 shares during the period. 1248 Management LLC purchased a new stake in Lamar Advertising in the 1st quarter valued at $26,000. Ameritas Advisory Services LLC purchased a new stake in Lamar Advertising in the 2nd quarter valued at $28,000. HHM Wealth Advisors LLC boosted its stake in Lamar Advertising by 26,900.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 269 shares during the period. Finally, Truvestments Capital LLC grew its position in Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.1%

LAMR opened at $132.42 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $135.91. The stock has a market capitalization of $13.41 billion, a P/E ratio of 30.80 and a beta of 1.36. The business has a 50 day simple moving average of $123.05 and a 200-day simple moving average of $122.71.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. On average, equities analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research note on Tuesday. Wells Fargo & Company cut their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Finally, Citigroup increased their price target on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $131.75.

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.