Hancock Holding Company Has Decreased Lamar Advertising (LAMR) Position by $3.73 Million as Share Value Declined; Suntrust Banks Increased Its Lloyds Banking Group Plc (LYG) Holding

April 23, 2018 - By Jacob Smith

Lamar Advertising Company (NASDAQ:REIT) Logo

Suntrust Banks Inc increased its stake in Lloyds Banking Group Plc (LYG) by 460.75% based on its latest 2017Q4 regulatory filing with the SEC. Suntrust Banks Inc bought 296,711 shares as the company’s stock rose 0.55% while stock markets declined. The institutional investor held 361,109 shares of the commercial banks company at the end of 2017Q4, valued at $1.35M, up from 64,398 at the end of the previous reported quarter. Suntrust Banks Inc who had been investing in Lloyds Banking Group Plc for a number of months, seems to be bullish on the $65.05B market cap company. The stock increased 0.13% or $0.005 during the last trading session, reaching $3.745. About 7.22 million shares traded or 39.23% up from the average. Lloyds Banking Group plc (NYSE:LYG) has risen 8.13% since April 23, 2017 and is uptrending. It has underperformed by 3.42% the S&P500.

Hancock Holding Company decreased its stake in Lamar Advertising (LAMR) by 29.99% based on its latest 2017Q4 regulatory filing with the SEC. Hancock Holding Company sold 50,440 shares as the company’s stock declined 14.36% with the market. The institutional investor held 117,760 shares of the real estate investment trusts company at the end of 2017Q4, valued at $8.74M, down from 168,200 at the end of the previous reported quarter. Hancock Holding Company who had been investing in Lamar Advertising for a number of months, seems to be less bullish one the $6.13B market cap company. The stock decreased 0.21% or $0.13 during the last trading session, reaching $62.26. About 140,262 shares traded. Lamar Advertising Company (NASDAQ:LAMR) has declined 16.07% since April 23, 2017 and is downtrending. It has underperformed by 27.62% the S&P500.

Among 14 analysts covering Lloyds Banking (NYSE:LYG), 5 have Buy rating, 5 Sell and 4 Hold. Therefore 36% are positive. Lloyds Banking had 21 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, March 27 by Berenberg. The stock of Lloyds Banking Group plc (NYSE:LYG) has “Hold” rating given on Wednesday, January 10 by Morgan Stanley. Credit Suisse initiated the stock with “Neutral” rating in Tuesday, November 29 report. The company was downgraded on Monday, September 26 by Goldman Sachs. The stock has “Buy” rating by Shore Capital on Friday, October 30. The stock of Lloyds Banking Group plc (NYSE:LYG) earned “Hold” rating by Berenberg on Tuesday, July 26. The rating was downgraded by Bank of America on Monday, June 27 to “Underperform”. The firm has “Outperform” rating by Davy Research given on Friday, November 13. On Wednesday, February 24 the stock rating was upgraded by Macquarie Research to “Outperform”. The rating was upgraded by Investec to “Hold” on Tuesday, August 25.

Suntrust Banks Inc, which manages about $18.67B US Long portfolio, decreased its stake in Southwest Airls Co (NYSE:LUV) by 5,084 shares to 33,158 shares, valued at $2.17 million in 2017Q4, according to the filing. It also reduced its holding in Middleby Corp (NASDAQ:MIDD) by 9,828 shares in the quarter, leaving it with 16,168 shares, and cut its stake in Reliance Steel & Aluminum Co (NYSE:RS).

Since December 14, 2017, it had 0 insider purchases, and 1 insider sale for $313,326 activity.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.50, from 1.5 in 2017Q3. It worsened, as 29 investors sold LAMR shares while 105 reduced holdings. 42 funds opened positions while 92 raised stakes. 81.15 million shares or 1.28% less from 82.20 million shares in 2017Q3 were reported. Palo Capital reported 14,782 shares. Thornburg Investment Mngmt has invested 0.86% in Lamar Advertising Company (NASDAQ:REIT). Moreover, Clark Capital Group Inc has 0.63% invested in Lamar Advertising Company (NASDAQ:REIT) for 275,964 shares. New York-based Rafferty Asset Mgmt Llc has invested 0.02% in Lamar Advertising Company (NASDAQ:REIT). Schroder Investment Mngmt Grp owns 966,023 shares. Carroll Finance Associate holds 0.05% or 5,622 shares. Teacher Retirement System Of Texas holds 28,649 shares or 0.01% of its portfolio. Cap Guardian Tru holds 0.01% of its portfolio in Lamar Advertising Company (NASDAQ:REIT) for 6,000 shares. Riverhead Mgmt Ltd Liability Com holds 10,021 shares or 0.03% of its portfolio. Mason Street Advsr Ltd Liability Corporation stated it has 41,390 shares. Parametric Assoc Limited Liability Com has 0.01% invested in Lamar Advertising Company (NASDAQ:REIT) for 116,884 shares. Great Lakes Advsr Ltd Liability Corp holds 0.01% of its portfolio in Lamar Advertising Company (NASDAQ:REIT) for 3,972 shares. Levin Capital Strategies Ltd Partnership invested in 7,936 shares. The Virginia-based Davenport And Lc has invested 0.85% in Lamar Advertising Company (NASDAQ:REIT). Gamco Investors Et Al invested in 0% or 3,573 shares.

Lloyds Banking Group plc (NYSE:LYG) Ratings Chart

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