Could Lamar Advertising Co Gain Strenght? Option Traders Don’t Think So

 Could Lamar Advertising Co Gain Strenght? Option Traders Don't Think So

In today’s session Lamar Advertising Co (LAMR) recorded an unusually high (250) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LAMR decrease. With 250 contracts traded and 244 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LAMR161216P00065000 closed last at: $1.05 or 4.5% down. About 44,394 shares traded hands. Lamar Advertising Co (NASDAQ:LAMR) has risen 6.50% since April 26, 2016 and is uptrending. It has outperformed by 1.24% the S&P500.

Analysts await Lamar Advertising Co (NASDAQ:LAMR) to report earnings on February, 28. They expect $1.21 earnings per share, down 4.72% or $0.06 from last year’s $1.27 per share. LAMR’s profit will be $117.68 million for 13.94 P/E if the $1.21 EPS becomes a reality. After $1.37 actual earnings per share reported by Lamar Advertising Co for the previous quarter, Wall Street now forecasts -11.68% 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. Lamar Advertising has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained the stock with “Hold” rating in Monday, September 21 report. The firm has “Hold” rating given on Thursday, November 5 by Topeka Capital Markets. On Thursday, August 6 the stock rating was maintained by Topeka Capital Markets with “Hold”. The firm earned “Buy” rating on Tuesday, September 13 by Loop Capital. The stock of Lamar Advertising Co (NASDAQ:LAMR) has “Neutral” rating given on Wednesday, February 24 by Wedbush. The rating was maintained by FBR Capital on Thursday, November 5 with “Outperform”. Topeka Capital Markets upgraded Lamar Advertising Co (NASDAQ:LAMR) on Tuesday, December 8 to “Buy” rating. The stock of Lamar Advertising Co (NASDAQ:LAMR) earned “Neutral” rating by M Partners on Friday, January 8. The stock of Lamar Advertising Co (NASDAQ:LAMR) earned “Neutral” rating by M Partners on Wednesday, February 24. Gabelli downgraded Lamar Advertising Co (NASDAQ:LAMR) on Friday, July 22 to “Hold” rating.

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 decreased to 1.2 in 2016 Q2. Its down 0.15, from 1.35 in 2016Q1. The ratio fall, 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.
Moreover, Amer Registered Invest Advisor has 0.19% invested in Lamar Advertising Co (NASDAQ:LAMR) for 6,300 shares. Perkins Investment Limited Co last reported 0.9% of its portfolio in the stock. Cubist Systematic Strategies Llc accumulated 3,942 shares or 0.02% of the stock. Tiaa Cref Mgmt Limited reported 227,812 shares or 0.01% of all its holdings. Moreover, Rhumbline Advisers has 0.03% invested in Lamar Advertising Co (NASDAQ:LAMR) for 164,247 shares. Manchester Ltd Limited Liability Company has invested 0% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR). Loomis Sayles & Lp last reported 0% of its portfolio in the stock. Diam Co Ltd holds 0.04% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR) for 42,649 shares. The California-based Strategic Glob Advsr Ltd Liability Corp has invested 0.43% in Lamar Advertising Co (NASDAQ:LAMR). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 2,192 shares. Cap Advisors Ok has 189,341 shares for 0% of their US portfolio. Price T Rowe Assoc Md holds 0% of its portfolio in Lamar Advertising Co (NASDAQ:LAMR) for 31,418 shares. Utd Services Automobile Association holds 0.01% or 27,540 shares in its portfolio. Moreover, Bancorp Of America De has 0.01% invested in Lamar Advertising Co (NASDAQ:LAMR) for 417,508 shares. Vantage Invest Advisors Ltd, a Pennsylvania-based fund reported 119 shares.

Insider Transactions: Since November 15, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.53 million net activity. ISTRE KEITH A sold 25,000 shares worth $1.53M.

Lamar Advertising Company is an outdoor advertising firm in the United States. The company has a market cap of $6.56 billion. The Firm operates in the advertising segment. It has a 22.32 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 Forbes.com which published an article titled: “Lamar Advertising (LAMR) Passes Through 5% Yield Mark” on September 09, 2016.

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