Crestwood Advisors Group LLC Invests $451,000 in LSI Industries Inc. (NASDAQ:LYTS)

Crestwood Advisors Group LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,547 shares of the construction company's stock, valued at approximately $451,000. Crestwood Advisors Group LLC owned about 0.09% of LSI Industries at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after buying an additional 1,888 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of LSI Industries during the fourth quarter worth approximately $46,000. Quantbot Technologies LP raised its position in shares of LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after purchasing an additional 3,218 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of LSI Industries during the fourth quarter worth approximately $82,000. Finally, GAMMA Investing LLC raised its position in shares of LSI Industries by 4,116.3% during the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after purchasing an additional 10,373 shares during the period. 73.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LYTS shares. HC Wainwright reissued a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a research report on Friday, April 25th. Wall Street Zen raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Canaccord Genuity Group lowered their price target on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, April 25th.

LSI Industries Stock Performance

NASDAQ:LYTS traded up $0.88 during trading on Friday, reaching $18.83. The company's stock had a trading volume of 134,458 shares, compared to its average volume of 90,659. The firm has a market cap of $563.39 million, a price-to-earnings ratio of 26.15 and a beta of 0.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. The firm has a 50 day moving average of $16.84 and a 200-day moving average of $17.55. LSI Industries Inc. has a 12 month low of $13.63 and a 12 month high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $132.48 million during the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a return on equity of 10.24% and a net margin of 4.00%. Research analysts expect that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.