A Director at Lamar Advertising is Exercising Options


Today it was reported that a Director at Lamar Advertising (LAMR), Thomas Reifenheiser, exercised options to buy 6,000 LAMR shares at $18.25 a share, for a total transaction value of $109.5K.

Following Thomas Reifenheiser’s last LAMR Buy transaction on December 03, 2010, the stock climbed by 38.1%. This recent transaction increases Thomas Reifenheiser’s holding in the company by 23.52% to a total of $2.17 million.

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Based on Lamar Advertising’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $418 million and quarterly net profit of $94.06 million. In comparison, last year the company earned revenue of $399 million and had a net profit of $96.33 million. LAMR’s market cap is $6.84B and the company has a P/E ratio of 23.02. Currently, Lamar Advertising has an average volume of 634.3K.

The insider sentiment on Lamar Advertising has been negative according to 14 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Lamar Advertising Co. engages in advertising services. The firm leases space for advertising on billboards, buses, shelters, benches, logo plates and in airport terminals. It operates through the following advertising displays: billboards, logo signs, and transit advertising displays. The company was founded in 1902 and is headquartered in Baton Rouge, LA.

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