BlackRock Amends Lamar Advertising Stake (SC 13G/A)
Ticker: LAMR · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1090425
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Lamar Advertising.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in their ownership of Lamar Advertising Co/New's Common Stock as of December 31, 2023. This filing, Amendment No. 10, updates their previous disclosures regarding their passive investment in the outdoor advertising REIT. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their investment strategy or outlook on Lamar Advertising's future performance.
Why It Matters
This filing updates BlackRock's passive ownership in Lamar Advertising, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant, passive shareholder in Lamar Advertising, but this filing alone doesn't suggest a need for immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- LAMAR ADVERTISING CO/NEW (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 10 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported in this filing?
The securities of LAMAR ADVERTISING CO/NEW are being reported, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LAMAR ADVERTISING CO/NEW' and 'LAMAR ADVERTISING CO (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding LAMAR ADVERTISING CO/NEW (LAMR).