The CFO of Lamar Advertising (NASDAQ: LAMR) is Selling Shares

By Carrie Williams

Today, the CFO of Lamar Advertising (LAMRResearch Report), Keith Istre, sold shares of LAMR for $1.31M.

Following Keith Istre’s last LAMR Sell transaction on February 25, 2019, the stock climbed by 3.5%.

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Based on Lamar Advertising’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $384 million and quarterly net profit of $51.25 million. In comparison, last year the company earned revenue of $361 million and had a net profit of $15.05 million. LAMR’s market cap is $8.06B and the company has a P/E ratio of 23.45. Currently, Lamar Advertising has an average volume of 201.6K.

The insider sentiment on Lamar Advertising has been negative according to 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Keith Istre’s trades have generated a -13.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Lamar Advertising Co. engages in advertising services. The firm rent advertising space on billboards, buses, shelters, benches, logo plates, and in airport terminals. The company was founded in 1902 and is headquartered in Baton Rouge, LA.