Lamar Advertis A (NASDAQ:LAMR).
Raymond James & Associates says it lowered its investment in Lamar Advertis A by 26,280 shares in the last quarter. Its stake stood at $2,144,000 a decrease of 49.4% according to the filing.
Several firms have updated their holdings. Baird Financial Group, Inc. added to its stake by buying 893 shares an increase of 14.9% in the quarter. Baird Financial Group, Inc. currently owns 6,873 shares with a value of $471,000. The value of the position overall is up by 7.0%. As of quarter end Frontier Investment Mgmt Co had acquired 26,280 shares growing its holdings by 9.1%. The value of the total investment in Lamar Advertis A increased from $566,000 to $576,000 increasing 1.8% for the reporting period.
Raymond James & Associates trimmed its investment by shedding 26,280 shares a decrease of 45.6% as of 09/30/2017. Raymond James & Associates controls 31,292 shares worth $2,144,000. The total value of its holdings decreased 49.4%. Raymond James & Associates downsized its holdings by shedding 700 shares a decrease of 45.6% from 06/30/2017 to 09/30/2017. Raymond James & Associates now holds 31,292 shares valued at $2,144,000. The value of the position overall is down by 49.4%.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 13 shares growing its stake by 0.1%. The value of the investment in LAMR went from $896,000 to $836,000 a change of $60,000 quarter to quarter.
Equity analyst Morgan Stanley lowered the price target of the stock on September 18 changing the forecast from $75.00 to $68.00 with a rating of “Equal Weight”. On August 11 Citigroup made no change to the company rating of “Neutral” with a current price target of $66.00.
MKM Partners lowered the price target on August 9 changing the price objective from $72.00 to $64.00 with a “Neutral” recommendation.
In the market the company is trading down by 1.22% percent from yesterday’s close. The company’s P/E ratio is 23.84 and the market cap is 6.41B. In the last earnings report the EPS was $3.16 with 84.01M shares currently outstanding.
Traders are feeling more bullish on shares of the company lately as implied by the fall in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -4.27%. Short shares fell from 7,422,634 to 7,105,421 over that timeframe. The days to cover increased to 19.0 and the short interest percentage is 0.08% as of October 13.