Rothschild & Co. Asset Management US Inc. Buys 42,406 Shares of Lamar Advertising Co (NASDAQ:LAMR)

Rothschild & Co. Asset Management US Inc. increased its stake in Lamar Advertising Co (NASDAQ:LAMR) by 10.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 452,452 shares of the real estate investment trust’s stock after purchasing an additional 42,406 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Lamar Advertising were worth $36,517,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LAMR. Norges Bank bought a new stake in shares of Lamar Advertising in the 4th quarter valued at $45,636,000. Deutsche Bank AG increased its stake in Lamar Advertising by 214.0% during the 4th quarter. Deutsche Bank AG now owns 244,322 shares of the real estate investment trust’s stock valued at $16,900,000 after purchasing an additional 166,514 shares in the last quarter. Bank of Montreal Can increased its stake in Lamar Advertising by 271.7% during the 1st quarter. Bank of Montreal Can now owns 188,391 shares of the real estate investment trust’s stock valued at $14,931,000 after purchasing an additional 137,706 shares in the last quarter. Waratah Capital Advisors Ltd. increased its stake in Lamar Advertising by 79.1% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 292,096 shares of the real estate investment trust’s stock valued at $23,575,000 after purchasing an additional 129,043 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in Lamar Advertising by 30.9% during the 1st quarter. Federated Investors Inc. PA now owns 515,898 shares of the real estate investment trust’s stock valued at $40,890,000 after purchasing an additional 121,817 shares in the last quarter. Institutional investors own 81.08% of the company’s stock.

In other news, CFO Keith A. Istre sold 16,294 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $80.28, for a total value of $1,308,082.32. Following the completion of the sale, the chief financial officer now owns 118,991 shares in the company, valued at approximately $9,552,597.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas V. Reifenheiser sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $81.05, for a total transaction of $324,200.00. Following the completion of the sale, the director now owns 38,708 shares of the company’s stock, valued at approximately $3,137,283.40. The disclosure for this sale can be found here. Insiders own 15.19% of the company’s stock.

LAMR stock traded up $1.89 during midday trading on Tuesday, reaching $79.83. 13,676 shares of the company’s stock traded hands, compared to its average volume of 256,797. The firm has a market capitalization of $7.79 billion, a P/E ratio of 14.51 and a beta of 0.95. The firm has a fifty day simple moving average of $80.91. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.52 and a current ratio of 0.52. Lamar Advertising Co has a 52 week low of $64.51 and a 52 week high of $84.50.

A number of analysts have commented on the stock. BidaskClub upgraded shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.50.

About Lamar Advertising

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 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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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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