Lamar Advertising Co/new (LAMR) Files Form 4 Insider Selling : Keith A Istre Sells 8,918 Shares

Lamar Advertising Co/new (LAMR): Keith A Istre , Chief Financial Officer of Lamar Advertising Co/new sold 8,918 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $63.47 per share for a total value of $566,025.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 22, 2016, Wendell Reilly (director) sold 18,075 shares at $60.00 per share price.On Nov 12, 2015, Stephen P Mumblow (director) sold 6,000 shares at $58.33 per share price.Also, On May 13, 2015, Anna Reilly (director) sold 10,000 shares at $59.34 per share price.On Mar 31, 2015, Kevin P Jr Reilly (President) sold 80,294 shares at $58.54 per share price.

Lamar Advertising Co: On Friday, May 6, 2016 heightened volatility was witnessed in Lamar Advertising Co which led to swings in the share price. The shares opened for trading at $64.31 and hit $64.645 on the upside , eventually ending the session at $64.31, with a gain of 0.37% or 0.24 points. The heightened volatility saw the trading volume jump to 8,87,063 shares. The 52-week high of the share price is $65.5 and the company has a market cap of $6,241 M . The 52-week low of the share price is at $49.73.

Lamar Advertising Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Lamar Advertising Co is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $57 .The Rating was issued on May 5, 2016.Lamar Advertising Co is Reiterated by MKM Partners to Neutral while Lowering the Price Target of the company shares to $ 57 from a previous price target of $64 . The Rating was issued on Feb 24, 2016.Lamar Advertising Co is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 65 from a previous price target of $67 . The Rating was issued on Feb 24, 2016.

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards buses shelters benches and logo plates. It operates three types of outdoor advertising displays: billboards logo signs and transit advertising displays. As of December 31 2012 the Company owned and operated over 144000 billboard advertising displays in 44 states Canada and Puerto Rico over 115000 logo advertising displays in 22 states and the province of Ontario Canada and operated over 34000 transit advertising displays in 15 states Canada and Puerto Rico. In August 2014 the Company acquired the assets of Marco Outdoor Advertising Inc.

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