Lamar Advertising Co’s Trend Down, Especially After This Options Activity


 Lamar Advertising Co's Trend Down, Especially After This Options Activity

In today’s session Lamar Advertising Co (LAMR) recorded an unusually high (3,010) 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 3,010 contracts traded and 61134 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: LAMR161118P00065000 closed last at: $2.05 or 12.8% down. The stock increased 0.57% or $0.37 during the last trading session, hitting $65.31. Lamar Advertising Co (NASDAQ:LAMR) has risen 9.32% since March 15, 2016 and is uptrending. It has outperformed by 3.84% the S&P500.

Analysts await Lamar Advertising Co (NASDAQ:LAMR) to report earnings on November, 3. They expect $1.25 earnings per share, 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 earnings per share 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 rating was upgraded by Topeka Capital Markets to “Buy” on Tuesday, December 8. The stock has “Hold” rating given by Topeka Capital Markets on Thursday, August 6. Wedbush maintained Lamar Advertising Co (NASDAQ:LAMR) rating on Wednesday, February 24. Wedbush has “Neutral” rating and $65 price target. The stock of Lamar Advertising Co (NASDAQ:LAMR) has “Neutral” rating given on Friday, January 8 by M Partners. The stock of Lamar Advertising Co (NASDAQ:LAMR) has “Hold” rating given on Friday, July 22 by Gabelli. The rating was maintained by Topeka Capital Markets on Monday, September 21 with “Hold”. On Tuesday, September 13 the stock rating was initiated by Loop Capital with “Buy”. The firm has “Neutral” rating by M Partners given on Wednesday, February 24. Topeka Capital Markets maintained it with “Hold” rating and $60 target price in Thursday, November 5 report. The stock of Lamar Advertising Co (NASDAQ:LAMR) earned “Outperform” rating by FBR Capital on Thursday, November 5.

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.39, from 0.96 in 2016Q1. The ratio is positive, 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.
Arizona State Retirement has 36,768 shares for 0.03% of their US portfolio. Quantitative Invest, a Virginia-based fund reported 25,900 shares. Morgan Stanley last reported 592,783 shares in the company. Cwh Cap Management has 3.93% invested in the company for 81,890 shares. Sii Investments Wi has 4,331 shares for 0.02% of their US portfolio. Manning And Napier Ltd Liability, a New York-based fund reported 135,125 shares. Amer Interest Group Inc, a New York-based fund reported 158,970 shares. Teachers Retirement Of The State Of Kentucky owns 19,200 shares or 0.02% of their US portfolio. Gardner Russo Gardner Limited last reported 14,660 shares in the company. Keybank Natl Association Oh last reported 29,599 shares in the company. Chesley Taft & Assoc Ltd Co accumulated 14,400 shares or 0.1% of the stock. Paloma Partners Mgmt accumulated 16,823 shares or 0.01% of the stock. New York Life Tru Com holds 0.15% or 475 shares in its portfolio. Greenleaf Tru has 0.02% invested in the company for 12,700 shares. Jpmorgan Chase And Co holds 0% or 220,081 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 1 sale for $566,025 net activity. Shares for $566,025 were sold by ISTRE KEITH A on Monday, May 9.

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.

Another recent and important Lamar Advertising Co (NASDAQ:LAMR) news was published by which published an article titled: “Lamar Advertising (LAMR) Passes Through 5% Yield Mark” on September 09, 2016.

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