Lamar Advertising Company acquired Cleveland Outdoor Advertising, enhancing its Cleveland portfolio with additional premium billboard locations.
Quiver AI Summary
Lamar Advertising Company announced the acquisition of Cleveland Outdoor Advertising, adding 31 high-profile bulletin faces and over 40 junior bulletin faces to its Cleveland portfolio. Founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson, COA has grown significantly, establishing numerous premium locations in the Cleveland area. Abdalian-Thompson, a respected leader in the outdoor advertising industry and OAAA Hall of Fame inductee, expressed confidence in Lamar to continue COA's legacy. Ross Reilly, president of Lamar's outdoor division, praised the foundation built by COA's founders, highlighting their significant contributions to the industry.
Potential Positives
- Lamar Advertising Company expands its market presence by acquiring 31 high-profile bulletin faces and over 40 junior bulletin faces in Cleveland, enhancing its portfolio in a key metropolitan area.
- The acquisition positions Lamar to strengthen its competitive advantage in the outdoor advertising industry by integrating established premium locations from a respected company with a 47-year history.
- Lamar is entrusted with continuing the legacy of Cleveland Outdoor Advertising, demonstrating its reputation and reliability within the industry, as acknowledged by the founders of COA.
- The transaction underscores Lamar's growth strategy and commitment to enhancing its outdoor advertising assets, which could lead to increased revenue opportunities in the Cleveland market.
Potential Negatives
- Potential concerns about the company's reliance on acquisitions for growth, as the press release highlights a significant asset purchase rather than organic development or innovation.
- The announcement of this acquisition may raise questions among investors regarding the financial impact and whether it aligns with the company's long-term strategic goals.
- Absent details on the purchase price or financial terms of the acquisition could lead to uncertainty about the deal's value and potential risks involved.
FAQ
What did Lamar Advertising Company announce on February 2, 2026?
Lamar Advertising Company announced the acquisition of Cleveland Outdoor Advertising's assets, enhancing its Cleveland portfolio.
How many bulletin faces did Lamar acquire from Cleveland Outdoor Advertising?
Lamar acquired 31 high-profile bulletin faces and over 40 junior bulletin faces from Cleveland Outdoor Advertising.
Who founded Cleveland Outdoor Advertising?
Cleveland Outdoor Advertising was founded by Debra Abdalian-Thompson and Stephen Thompson 47 years ago.
What recognition has Debra Abdalian-Thompson received in the outdoor advertising industry?
Debra Abdalian-Thompson is a 2017 inductee into the OAAA Hall of Fame and has served as OAAA director.
What is Lamar's vision for the future of Cleveland Outdoor Advertising?
Lamar aims to build upon the strong foundation established by COA's founders, preserving its legacy in the industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAMR Insider Trading Activity
$LAMR insiders have traded $LAMR stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $LAMR stock by insiders over the last 6 months:
- JAY LECORYELLE JOHNSON (CFO, Treasurer, EVP) has made 0 purchases and 3 sales selling 22,000 shares for an estimated $2,734,268.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LAMR Revenue
$LAMR had revenues of $585.5M in Q3 2025. This is an increase of 3.79% from the same period in the prior year.
You can track LAMR financials on Quiver Quantitative's LAMR stock page.
$LAMR Hedge Fund Activity
We have seen 333 institutional investors add shares of $LAMR stock to their portfolio, and 271 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANADA PENSION PLAN INVESTMENT BOARD added 1,337,478 shares (+inf%) to their portfolio in Q3 2025, for an estimated $163,734,056
- M&T BANK CORP added 1,138,603 shares (+12278.7%) to their portfolio in Q4 2025, for an estimated $144,124,367
- EGERTON CAPITAL (UK) LLP added 723,857 shares (+inf%) to their portfolio in Q3 2025, for an estimated $88,614,573
- FMR LLC removed 610,581 shares (-13.5%) from their portfolio in Q3 2025, for an estimated $74,747,326
- INVESCO LTD. added 490,463 shares (+97.8%) to their portfolio in Q3 2025, for an estimated $60,042,480
- NORTHERN TRUST CORP added 314,235 shares (+23.9%) to their portfolio in Q3 2025, for an estimated $38,468,648
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 248,568 shares (-23.4%) from their portfolio in Q4 2025, for an estimated $31,463,737
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LAMR Analyst Ratings
Wall Street analysts have issued reports on $LAMR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 11/13/2025
To track analyst ratings and price targets for $LAMR, check out Quiver Quantitative's $LAMR forecast page.
$LAMR Price Targets
Multiple analysts have issued price targets for $LAMR recently. We have seen 3 analysts offer price targets for $LAMR in the last 6 months, with a median target of $128.0.
Here are some recent targets:
- Jason Bazinet from Citigroup set a target price of $145.0 on 11/13/2025
- David Karnovsky from JP Morgan set a target price of $128.0 on 11/12/2025
- Daniel Osley from Wells Fargo set a target price of $119.0 on 08/11/2025
Full Release
BATON ROUGE, La., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) (“Lamar” or the “Company”), a leading owner and operator of outdoor advertising assets, announced today that it had acquired the assets of Cleveland Outdoor Advertising for cash.
The transaction adds 31 high-profile bulletin faces and more than 40 junior bulletin faces to Lamar's Cleveland portfolio.
COA was founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson as a junior poster plant and grew to include numerous premium bulletin locations in the Cleveland metro area.
"Debbie has been a pioneer in the OOH industry, and we are honored that she and Steve trust Lamar to build upon the strong foundation that they have established," said Ross Reilly, president of Lamar's outdoor division.
Abdalian-Thompson, who served as president of COA, is a long-time director of the Out of Home Advertising Association of America (the “OAAA”) and of the Outdoor Advertising Association of Ohio. She is a 2017 inductee into the OAAA Hall of Fame.
“We are deeply grateful to everyone who believed in us, worked alongside us, and contributed to our success. This industry has given us so much, and we will always appreciate the opportunities, challenges and connections it brought into our lives,” Abdalian-Thompson said. “I have long admired Lamar and the Reilly family, and I can’t think of a better company to carry COA’s legacy forward.”
| Company Contact: |
Buster Kantrow
(225) 926-1000 [email protected] |
