Lamar Advertising (NASDAQ:LAMR) Shares Sold by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. decreased its stake in Lamar Advertising (NASDAQ:LAMR) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,024 shares of the real estate investment trust’s stock after selling 645 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Lamar Advertising were worth $938,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LAMR. Blue Trust Inc. boosted its holdings in Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 151 shares during the period. Brooklyn Investment Group acquired a new position in shares of Lamar Advertising during the third quarter worth $25,000. Whittier Trust Co. boosted its stake in shares of Lamar Advertising by 144.4% in the second quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 130 shares during the period. Concord Wealth Partners purchased a new position in shares of Lamar Advertising in the third quarter valued at $26,000. Finally, MFA Wealth Advisors LLC acquired a new stake in Lamar Advertising during the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR opened at $132.12 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 26.42 and a beta of 1.50. Lamar Advertising has a 52 week low of $100.15 and a 52 week high of $139.88. The stock has a 50 day moving average of $132.52 and a 200-day moving average of $124.48.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The company had revenue of $564.10 million for the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Lamar Advertising’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 earnings per share. As a group, analysts forecast that Lamar Advertising will post 7.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Company Profile

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.