Ellsworth Advisors LLC Buys 1,312 Shares of Lamar Advertising (NASDAQ:LAMR)

Ellsworth Advisors LLC boosted its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,434 shares of the real estate investment trust’s stock after purchasing an additional 1,312 shares during the period. Ellsworth Advisors LLC’s holdings in Lamar Advertising were worth $1,367,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LAMR. Accurate Wealth Management LLC boosted its holdings in shares of Lamar Advertising by 3.8% during the 1st quarter. Accurate Wealth Management LLC now owns 2,449 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 90 shares during the last quarter. SPC Financial Inc. lifted its position in shares of Lamar Advertising by 3.6% in the first quarter. SPC Financial Inc. now owns 3,003 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 103 shares in the last quarter. Woodward Diversified Capital LLC boosted its stake in Lamar Advertising by 2.6% during the first quarter. Woodward Diversified Capital LLC now owns 4,505 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 113 shares during the last quarter. Simplicity Wealth LLC grew its holdings in Lamar Advertising by 0.4% during the 2nd quarter. Simplicity Wealth LLC now owns 27,614 shares of the real estate investment trust’s stock valued at $3,301,000 after buying an additional 121 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Lamar Advertising by 1.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,964 shares of the real estate investment trust’s stock worth $846,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.2 %

LAMR traded up $0.19 during trading on Friday, reaching $119.20. The company had a trading volume of 299,398 shares, compared to its average volume of 412,910. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.39. Lamar Advertising has a 52 week low of $77.21 and a 52 week high of $123.25. The stock has a market cap of $12.19 billion, a P/E ratio of 24.48 and a beta of 1.52. The business has a 50 day simple moving average of $117.65 and a 200-day simple moving average of $115.42.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). The firm had revenue of $565.25 million for the quarter, compared to analysts’ expectations of $564.96 million. Lamar Advertising had a return on equity of 41.86% and a net margin of 23.29%. Lamar Advertising’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Lamar Advertising will post 7.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen increased their target price on Lamar Advertising from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a research report on Thursday, July 11th. StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.25.

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.