In today’s session Lamar Advertising Co (LAMR) registered an unusually high (164) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LAMR increase. With 164 contracts traded and 1104 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LAMR170120C00062500 closed last at: $1.5 or 0% . About 195,200 shares traded hands. Lamar Advertising Co (NASDAQ:LAMR) has risen 0.66% since April 7, 2016 and is uptrending. It has underperformed by 4.13% the S&P500.
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. Lamar Advertising has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Monday, September 21, the company rating was maintained by Topeka Capital Markets. The firm has “Neutral” rating given on Wednesday, February 24 by Wedbush. The rating was maintained by Topeka Capital Markets on Thursday, August 6 with “Hold”. The company was maintained on Thursday, November 5 by Topeka Capital Markets. The stock of Lamar Advertising Co (NASDAQ:LAMR) earned “Neutral” rating by M Partners on Friday, January 8. The firm earned “Neutral” rating on Wednesday, February 24 by M Partners. The rating was maintained by FBR Capital with “Outperform” on Thursday, November 5. The stock of Lamar Advertising Co (NASDAQ:LAMR) has “Hold” rating given on Friday, July 22 by Gabelli. Topeka Capital Markets upgraded Lamar Advertising Co (NASDAQ:LAMR) rating on Tuesday, December 8. Topeka Capital Markets has “Buy” rating and $73 price target. Loop Capital initiated it with “Buy” rating and $82 target price in Tuesday, September 13 report.
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 improved, 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.
The New York-based Tocqueville Asset Lp has invested 0.02% in Lamar Advertising Co (NASDAQ:LAMR). Profund Ltd Limited Liability Company holds 0.04% or 13,357 shares in its portfolio. Arizona State Retirement has 0.03% invested in the company for 36,768 shares. Shelton Mgmt, a California-based fund reported 7,679 shares. Rhumbline Advisers holds 164,247 shares or 0.03% of its portfolio. State Street accumulated 2.28 million shares or 0.02% of the stock. Deutsche National Bank Ag has 65,353 shares for 0% of their US portfolio. Moody Savings Bank Division holds 0.02% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR) for 5,350 shares. Cap Rech Investors holds 0.18% or 8.13M shares in its portfolio. Boston Limited Co, a Massachusetts-based fund reported 6,995 shares. Greenlight Inc, a New York-based fund reported 148,072 shares. California State Teachers Retirement Sys accumulated 0.02% or 173,463 shares. Solaris Asset Mgmt Ltd Liability Company, a New York-based fund reported 6,025 shares. Financial Pro holds 0.01% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR) for 222 shares. Blackrock Fund Advisors, a California-based fund reported 3.37M shares.
Lamar Advertising Company is an outdoor advertising firm in the United States. The company has a market cap of $5.91 billion. The Firm operates in the advertising segment. It has a 20.08 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.
More recent Lamar Advertising Co (NASDAQ:LAMR) news were published by: Forbes.com which released: “Lamar Advertising (LAMR) Passes Through 5% Yield Mark” on September 09, 2016. Also Reuters.com published the news titled: “BRIEF-Lamar Advertising Company announces third quarter 2016 operating res…” on November 03, 2016. Globenewswire.com‘s news article titled: “Lamar Advertising Company Announces Commencement of Exchange Offer for 5 3/4 …” with publication date: August 01, 2016 was also an interesting one.
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