Waratah Capital Advisors LTD Lowered Lamar Advertising Co Cl A (LAMR) Position as Share Price Declined; Bank Of New York Mellon C (BK) Holder Cullen Frost Bankers Has Raised Position by $541,925 as Stock Value Declined

February 19, 2018 - By Migdalia James

Cullen Frost Bankers Inc increased its stake in Bank Of New York Mellon Corp C (BK) by 2.6% based on its latest 2017Q3 regulatory filing with the SEC. Cullen Frost Bankers Inc bought 10,225 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 403,292 shares of the major banks company at the end of 2017Q3, valued at $21.38M, up from 393,067 at the end of the previous reported quarter. Cullen Frost Bankers Inc who had been investing in Bank Of New York Mellon Corp C for a number of months, seems to be bullish on the $57.01 billion market cap company. The stock increased 0.16% or $0.09 during the last trading session, reaching $56.25. About 3.38M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 19, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Brad Dunkley decreased its stake in Lamar Advertising Co Cl A (LAMR) by 23.36% based on its latest 2017Q3 regulatory filing with the SEC. Waratah Capital Advisors Ltd sold 69,609 shares as the company’s stock declined 9.40% while stock markets rallied. The hedge fund run by Brad Dunkley held 228,333 shares of the real estate investment trusts company at the end of 2017Q3, valued at $15.65 million, down from 297,942 at the end of the previous reported quarter. Waratah Capital Advisors Ltd who had been investing in Lamar Advertising Co Cl A for a number of months, seems to be less bullish one the $6.90B market cap company. The stock increased 0.69% or $0.48 during the last trading session, reaching $70.07. About 648,187 shares traded or 13.06% up from the average. Lamar Advertising Company (NASDAQ:LAMR) has risen 13.65% since February 19, 2017 and is uptrending. It has underperformed by 3.05% the S&P500.

Waratah Capital Advisors Ltd, which manages about $788.22M US Long portfolio, upped its stake in Disney Walt Co Disney (NYSE:DIS) by 144,060 shares to 159,100 shares, valued at $15.68 million in 2017Q3, according to the filing. It also increased its holding in Brookfield Business Partners Unit Ltd Lp by 26,390 shares in the quarter, for a total of 255,394 shares, and has risen its stake in Albemarle Corp (NYSE:ALB).

Investors sentiment increased to 1.5 in Q3 2017. Its up 0.25, from 1.25 in 2017Q2. It increased, as 31 investors sold LAMR shares while 78 reduced holdings. 33 funds opened positions while 131 raised stakes. 82.20 million shares or 0.53% less from 82.64 million shares in 2017Q2 were reported. Citadel Advsr Ltd, Illinois-based fund reported 19,016 shares. Strategic Glob Advisors Lc stated it has 0.42% of its portfolio in Lamar Advertising Company (NASDAQ:REIT). Natl Planning Corporation owns 0.4% invested in Lamar Advertising Company (NASDAQ:REIT) for 29,324 shares. Renaissance Grp Inc Limited Com has 0.01% invested in Lamar Advertising Company (NASDAQ:REIT) for 5,688 shares. 1,558 are held by Washington State Bank. Clark Capital Management Grp stated it has 258,826 shares. Hsbc Public Limited holds 0% or 5,798 shares in its portfolio. Timber Hill Lc holds 3,318 shares or 0.02% of its portfolio. Utah Retirement stated it has 19,058 shares or 0.03% of all its holdings. Bokf Na holds 27,834 shares or 0.06% of its portfolio. Savings Bank holds 4,000 shares or 0.03% of its portfolio. State Of Wisconsin Invest Board owns 16,868 shares or 0% of their US portfolio. Amundi Pioneer Asset Inc reported 32,442 shares. Raymond James & Associates accumulated 31,292 shares. 102,436 were accumulated by Fairview Capital Investment Mngmt Limited Liability Co.

Among 12 analysts covering Lamar Advertising (NASDAQ:LAMR), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Lamar Advertising had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by M Partners with “Neutral” on Wednesday, August 9. The stock has “Hold” rating by Gabelli on Friday, July 22. Topeka Capital Markets upgraded Lamar Advertising Company (NASDAQ:REIT) on Tuesday, December 8 to “Buy” rating. Wedbush maintained Lamar Advertising Company (NASDAQ:REIT) on Wednesday, February 24 with “Neutral” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $68 target in Monday, September 18 report. The rating was maintained by Topeka Capital Markets on Thursday, November 5 with “Hold”. The stock has “Buy” rating by Goldman Sachs on Tuesday, January 17. Topeka Capital Markets maintained the shares of LAMR in report on Monday, September 21 with “Hold” rating. FBR Capital maintained Lamar Advertising Company (NASDAQ:REIT) on Thursday, November 5 with “Outperform” rating. The company was downgraded on Wednesday, July 26 by Wells Fargo.

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

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Toronto Dominion Bancorp holds 403,057 shares. Stevens Cap Mgmt LP accumulated 416,191 shares. Martingale Asset Lp has invested 0.18% in The Bank of New York Mellon Corporation (NYSE:BK). Rand Wealth accumulated 52,511 shares. North Star Invest Mngmt reported 5,891 shares or 0.04% of all its holdings. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma reported 800 shares. Tower Rech Cap Ltd (Trc) reported 0% stake. Blair William & Il invested in 0.01% or 33,003 shares. Deutsche Bank & Trust Ag reported 3.39 million shares. Moreover, Putnam Investments Lc has 0% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 18,944 shares. Bryn Mawr Comm, a Pennsylvania-based fund reported 13,537 shares. Diamond Hill Cap invested 0.01% in The Bank of New York Mellon Corporation (NYSE:BK). Gulf Savings Bank (Uk) Limited holds 328,653 shares or 0.23% of its portfolio. Stratos Wealth Prtnrs Limited, a Ohio-based fund reported 21,108 shares. 4,102 are held by Brookstone Capital Management.

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