Lamar Advertising (NASDAQ:LAMR – Get Rating) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Lamar Advertising Stock Up 0.4 %

Shares of Lamar Advertising stock opened at $104.60 on Friday. Lamar Advertising has a 1 year low of $81.10 and a 1 year high of $119.68. The business has a 50-day moving average of $97.48 and a two-hundred day moving average of $94.91. The company has a market capitalization of $10.64 billion, a P/E ratio of 21.43 and a beta of 1.36. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.63 and a quick ratio of 0.63.

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Insiders Place Their Bets

In other news, Director Thomas V. Reifenheiser sold 2,200 shares of the company's stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $98.61, for a total transaction of $216,942.00. Following the completion of the transaction, the director now directly owns 39,671 shares of the company's stock, valued at $3,911,957.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.99% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LAMR. Invesco Ltd. boosted its position in shares of Lamar Advertising by 186.6% during the first quarter. Invesco Ltd. now owns 1,418,785 shares of the real estate investment trust's stock worth $164,834,000 after buying an additional 923,689 shares during the period. Victory Capital Management Inc. boosted its position in Lamar Advertising by 15.0% during the third quarter. Victory Capital Management Inc. now owns 4,112,703 shares of the real estate investment trust's stock valued at $339,257,000 after purchasing an additional 536,345 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Lamar Advertising by 48.8% during the second quarter. JPMorgan Chase & Co. now owns 1,154,284 shares of the real estate investment trust's stock valued at $101,542,000 after purchasing an additional 378,374 shares during the last quarter. Boston Partners boosted its position in Lamar Advertising by 26.6% during the third quarter. Boston Partners now owns 1,607,951 shares of the real estate investment trust's stock valued at $132,674,000 after purchasing an additional 338,090 shares during the last quarter. Finally, Miller Howard Investments Inc. NY boosted its position in Lamar Advertising by 300.5% during the third quarter. Miller Howard Investments Inc. NY now owns 417,100 shares of the real estate investment trust's stock valued at $34,407,000 after purchasing an additional 312,957 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Company Profile

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Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 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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