ProVise Management Group LLC cut its stake in shares of Lamar Advertising (NASDAQ:LAMR) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,582 shares of the real estate investment trust’s stock after selling 1,600 shares during the period. ProVise Management Group LLC’s holdings in Lamar Advertising were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital One National Association grew its holdings in shares of Lamar Advertising by 6.3% during the fourth quarter. Capital One National Association now owns 51,731 shares of the real estate investment trust’s stock worth $3,840,000 after purchasing an additional 3,074 shares in the last quarter. Krueger & Catalano Capital Partners LLC purchased a new position in shares of Lamar Advertising during the fourth quarter worth about $1,733,000. Edgemoor Investment Advisors Inc. grew its holdings in shares of Lamar Advertising by 17.6% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 97,213 shares of the real estate investment trust’s stock worth $6,968,000 after purchasing an additional 14,545 shares in the last quarter. Swiss National Bank grew its holdings in shares of Lamar Advertising by 2.0% during the fourth quarter. Swiss National Bank now owns 142,438 shares of the real estate investment trust’s stock worth $10,575,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Lamar Advertising by 54.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,064,563 shares of the real estate investment trust’s stock worth $153,273,000 after purchasing an additional 730,220 shares in the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

Shares of Lamar Advertising (NASDAQ LAMR) opened at $67.05 on Wednesday. The stock has a market capitalization of $6,610.63, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 4.36 and a beta of 1.02. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55. Lamar Advertising has a 52 week low of $62.45 and a 52 week high of $79.17.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the sale, the director now owns 11,031 shares of the company’s stock, valued at $864,058.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.70% of the stock is owned by corporate insiders.

Several research analysts have recently commented on LAMR shares. Citigroup lowered Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price objective for the company. in a report on Wednesday, December 20th. BidaskClub lowered Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Morgan Stanley upped their target price on Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Finally, ValuEngine lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $72.25.

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Lamar Advertising 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.

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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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