Crestwood Advisors Group LLC Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

Crestwood Advisors Group LLC acquired a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,547 shares of the construction company's stock, valued at approximately $451,000. Crestwood Advisors Group LLC owned approximately 0.09% of LSI Industries as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of LSI Industries by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock valued at $312,000 after purchasing an additional 684 shares in the last quarter. Rhumbline Advisers boosted its stake in LSI Industries by 2.1% during the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after acquiring an additional 858 shares during the last quarter. Swiss National Bank grew its holdings in LSI Industries by 2.5% during the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock worth $1,023,000 after acquiring an additional 1,300 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of LSI Industries by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LSI Industries by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock valued at $1,590,000 after purchasing an additional 1,652 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Performance

LSI Industries stock traded up $0.88 during midday trading on Friday, reaching $18.83. 134,458 shares of the stock traded hands, compared to its average volume of 90,659. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $16.84 and a two-hundred day moving average price of $17.54. The firm has a market cap of $563.41 million, a price-to-earnings ratio of 26.15 and a beta of 0.28. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting 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%. On average, equities research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

LYTS has been the subject of several research analyst reports. Canaccord Genuity Group lowered their price objective on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a 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, HC Wainwright reaffirmed a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a report on Friday, April 25th.

About LSI Industries

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.