Lamar Advertising Company (NASDAQ:LAMR) is Gilman Hill Asset Management LLC’s 7th Largest Position

Gilman Hill Asset Management LLC cut its position in Lamar Advertising Company (NASDAQ:LAMR) by 1.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 68,276 shares of the real estate investment trust’s stock after selling 1,021 shares during the period. Lamar Advertising accounts for approximately 2.2% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 7th largest position. Gilman Hill Asset Management LLC owned 0.08% of Lamar Advertising worth $5,023,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Lamar Advertising by 2.5% in the first quarter. Capstone Asset Management Co. now owns 9,269 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 230 shares in the last quarter. Clinton Group Inc. bought a new position in shares of Lamar Advertising during the first quarter worth approximately $650,000. Teachers Advisors LLC raised its stake in shares of Lamar Advertising by 12.7% in the fourth quarter. Teachers Advisors LLC now owns 74,944 shares of the real estate investment trust’s stock worth $5,039,000 after buying an additional 8,452 shares during the last quarter. Beacon Trust Co. raised its stake in shares of Lamar Advertising by 5.1% in the first quarter. Beacon Trust Co. now owns 7,550 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 367 shares during the last quarter. Finally, Integrated Wealth Management raised its stake in shares of Lamar Advertising by 3.7% in the first quarter. Integrated Wealth Management now owns 4,559 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 162 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Lamar Advertising Company (LAMR) traded up 1.41% on Friday, reaching $68.53. The company had a trading volume of 1,115,110 shares. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 23.33 and a beta of 1.12. Lamar Advertising Company has a 1-year low of $58.68 and a 1-year high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.49. The firm had revenue of $346.40 million during the quarter, compared to analysts’ expectations of $347.06 million. Lamar Advertising had a net margin of 19.18% and a return on equity of 27.42%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, analysts expect that Lamar Advertising Company will post $3.12 earnings per share for the current year.

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A number of brokerages have issued reports on LAMR. BidaskClub lowered Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. ValuEngine lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. MKM Partners restated a “neutral” rating and set a $72.00 price objective (down previously from $73.00) on shares of Lamar Advertising in a research report on Friday, May 5th. Finally, Wells Fargo & Company lowered Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.25.

In other news, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total value of $1,412,200.00. Following the sale, the director now owns 5,970 shares of the company’s stock, valued at $421,541.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 18.66% of the stock is owned by insiders.

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.