Brasada Capital Management LP grew its stake in shares of Lamar Advertising Co (NASDAQ:LAMR) by 632.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,545 shares of the real estate investment trust’s stock after purchasing an additional 1,334 shares during the quarter. Brasada Capital Management LP’s holdings in Lamar Advertising were worth $107,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Taylor Hoffman Wealth Management acquired a new position in shares of Lamar Advertising during the 4th quarter worth approximately $26,000. Tributary Capital Management LLC acquired a new position in shares of Lamar Advertising during the 4th quarter worth approximately $42,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Lamar Advertising by 70.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 765 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 316 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Lamar Advertising during the 3rd quarter worth approximately $106,000. Finally, Vectors Research Management LLC acquired a new position in shares of Lamar Advertising during the 3rd quarter worth approximately $158,000. 83.78% of the stock is currently owned by hedge funds and other institutional investors.
LAMR stock opened at $76.10 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 2.30. The company has a market cap of $7.46 billion, a P/E ratio of 15.07 and a beta of 1.03. Lamar Advertising Co has a 1-year low of $61.36 and a 1-year high of $80.68.
Several research firms have weighed in on LAMR. Morgan Stanley boosted their price target on Lamar Advertising from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, December 7th. Wolfe Research assumed coverage on Lamar Advertising in a research report on Friday, December 7th. They set an “underperform” rating on the stock. BidaskClub lowered Lamar Advertising from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 2nd. Imperial Capital reissued an “outperform” rating and set a $88.00 target price (down from $94.00) on shares of Lamar Advertising in a report on Wednesday, January 23rd. Finally, Zacks Investment Research raised Lamar Advertising from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target 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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