What Could Be Propelling Lamar Advertising Co to Decrease?

 What Could Be Propelling Lamar Advertising Co to Decrease?

In today’s session Lamar Advertising Co (LAMR) recorded an unusually high (3,102) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious LAMR decrease. With 3,102 contracts traded and 30184 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: LAMR161118P00060000 closed last at: $0.9 or 0% . The stock increased 0.57% or $0.37 during the last trading session, hitting $65.31. Lamar Advertising Co (NASDAQ:LAMR) has risen 7.09% since March 9, 2016 and is uptrending. It has underperformed by 0.32% the S&P500.

Analysts await Lamar Advertising Co (NASDAQ:LAMR) to report earnings on November, 3. They expect $1.25 EPS, down 1.57% or $0.02 from last year’s $1.27 per share. LAMR’s profit will be $121.92 million for 13.06 P/E if the $1.25 EPS becomes a reality. After $1.37 actual EPS reported by Lamar Advertising Co for the previous quarter, Wall Street now forecasts -8.76% negative EPS growth.

Lamar Advertising Co (NASDAQ:LAMR) Ratings Coverage

Out of 7 analysts covering Lamar Advertising (NASDAQ:LAMR), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $82 is the highest target while $57 is the lowest. The $67.29 average target is 3.03% above today’s ($65.31) stock price. Lamar Advertising has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, January 8 by M Partners. As per Monday, September 21, the company rating was maintained by Topeka Capital Markets. FBR Capital maintained it with “Outperform” rating and $65 target price in Thursday, November 5 report. The firm has “Buy” rating by Loop Capital given on Tuesday, September 13. The firm earned “Buy” rating on Tuesday, December 8 by Topeka Capital Markets. The firm has “Hold” rating given on Friday, July 22 by Gabelli. The stock has “Hold” rating given by Topeka Capital Markets on Thursday, November 5. The company was maintained on Thursday, August 6 by Topeka Capital Markets. The company was maintained on Wednesday, February 24 by Wedbush. On Wednesday, February 24 the stock rating was maintained by M Partners with “Neutral”.

According to Zacks Investment Research, “Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. They also operate the largest logo sign business in the United States and transit advertising displays on bus shelters, bus benches and buses in several markets. Logo signs are signs located near highway exits which deliver brand name information on available gas, food, lodging and camping services.”

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.39, from 0.96 in 2016Q1. The ratio increased, as 20 funds sold all Lamar Advertising Co shares owned while 88 reduced positions. 31 funds bought stakes while 115 increased positions. They now own 77.24 million shares or 0.34% less from 77.51 million shares in 2016Q1.
Harvest Mgmt Limited Co reported 4,100 shares or 0.21% of all its holdings. Swiss Fincl Bank last reported 0.01% of its portfolio in the stock. Cap Advisers Llc last reported 198,719 shares in the company. Atlantic Group Lc holds 0.01% or 21,342 shares in its portfolio. Rhumbline Advisers holds 164,247 shares or 0.03% of its portfolio. Cap International Ltd Ca owns 6,500 shares or 0.03% of their US portfolio. Moreover, Mutual Of America Cap Mngmt Ltd Liability Co has 0.09% invested in Lamar Advertising Co (NASDAQ:LAMR) for 61,492 shares. Keeley Asset Mgmt holds 0.28% or 100,094 shares in its portfolio. Valley Advisers, a Pennsylvania-based fund reported 75 shares. Blackrock Investment Mngmt Ltd holds 0.02% or 234,831 shares in its portfolio. Perkins Mngmt Ltd Liability Corporation has invested 0.9% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR). Asset Management Inc accumulated 49,888 shares or 0.05% of the stock. Tealwood Asset Mgmt Inc owns 69,735 shares or 2.08% of their US portfolio. Whittier Tru accumulated 0% or 105 shares. Bb&T holds 0.06% or 45,745 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 1 sale for $566,025 net activity. $566,025 worth of Lamar Advertising Co (NASDAQ:LAMR) was sold by ISTRE KEITH A.

Lamar Advertising Company is an outdoor advertising firm in the United States. The company has a market cap of $6.37 billion. The Firm operates in the advertising segment. It has a 21.46 P/E ratio. The Firm sells advertising on billboards, buses, shelters, benches and logo plates.

LAMR Company Profile

Lamar Advertising Company, incorporated on May 16, 2014, is an outdoor advertising company. The Firm operates in the advertising segment. It is engaged in the rental of advertising space on outdoor advertising displays owned and operated by the Company. The Firm leases space for advertising on billboards, buses, shelters, benches and logo plates. It offers its clients an integrated service, covering all aspects of their billboard display requirements from advertisement copy production to placement and maintenance. It operates approximately three types of outdoor advertising displays, including billboards, logo signs and transit advertising displays.

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