5 Best Advertising Stocks to Buy Now

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In this article we will take a look at the 5 best advertising stocks to buy now. For a detailed analysis of the advertising sector, go directly to the 10 Best Advertising Stocks to Buy Now.

5. Lamar Advertising Company (REIT) (NASDAQ: LAMR)

Number of Hedge Fund Holders: 36    

Lamar Advertising Company (REIT) (NASDAQ: LAMR) is a Louisiana-based outdoor advertising firm founded in 1902. It is ranked fifth on our list of 10 best advertising stocks to buy now. The firm sells advertising space on billboards, logo signs, and transit displays. It operates primarily in the United States and Canada. The firm controls more than 350,000 advertising displays across the two countries. Lamar also owns and operates more than 3,600 electronic displays, which is the largest network of digital billboards in the US.

On May 4, Lamar Advertising Company (REIT) (NASDAQ: LAMR) posted results for the first quarter of 2021, reporting a revenue of $370 million, beating market estimates by more than $8.5 million. Sean Reilly, the chief executive of the firm, said that the advertising rebound was well underway and the firm had recorded an increase in national and local sales. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Fir Tree is a leading shareholder in the firm with 924,572 shares worth more than $76 million.

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