Alambic Investment Management L.P. decreased its holdings in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 73.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,916 shares of the construction company’s stock after selling 52,573 shares during the period. Alambic Investment Management L.P. owned approximately 0.07% of LSI Industries worth $72,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of LYTS. Royce & Associates LP raised its stake in LSI Industries by 14.6% in the fourth quarter. Royce & Associates LP now owns 2,095,452 shares of the construction company’s stock valued at $12,677,000 after purchasing an additional 266,489 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of LSI Industries by 61.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 348,174 shares of the construction company’s stock worth $2,106,000 after buying an additional 131,969 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of LSI Industries by 11.4% during the 4th quarter. Renaissance Technologies LLC now owns 948,471 shares of the construction company’s stock valued at $5,738,000 after buying an additional 96,900 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of LSI Industries during the 1st quarter valued at $290,000. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of LSI Industries by 3.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,618,013 shares of the construction company’s stock worth $9,789,000 after acquiring an additional 55,059 shares during the last quarter. 60.53% of the stock is owned by institutional investors.
LSI Industries stock traded up $0.06 during mid-day trading on Friday, hitting $5.97. The company’s stock had a trading volume of 58,708 shares, compared to its average volume of 143,780. The business has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.45 and a quick ratio of 1.33. LSI Industries, Inc. has a 12 month low of $2.50 and a 12 month high of $7.30. The stock has a market cap of $154.80 million, a price-to-earnings ratio of 98.50, a price-to-earnings-growth ratio of 23.64 and a beta of 2.18.
LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $71.01 million for the quarter, compared to the consensus estimate of $70.99 million. LSI Industries had a return on equity of 1.31% and a net margin of 2.76%. On average, equities research analysts expect that LSI Industries, Inc. will post 0.01 earnings per share for the current fiscal year.
A number of research firms have weighed in on LYTS. Roth Capital downgraded LSI Industries from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research report on Friday, April 24th. HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of LSI Industries in a report on Friday, April 24th. Finally, Zacks Investment Research lowered LSI Industries from a “buy” rating to a “hold” rating in a research note on Thursday, April 30th.
LSI Industries Company Profile
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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