Alps Advisors Inc. Invests $350,000 in LSI Industries Inc. (NASDAQ:LYTS)

Alps Advisors Inc. purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,580 shares of the construction company's stock, valued at approximately $350,000. Alps Advisors Inc. owned about 0.07% of LSI Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

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

LSI Industries Trading Up 0.3%

Shares of LSI Industries stock traded up $0.05 during trading on Friday, hitting $17.58. The stock had a trading volume of 81,371 shares, compared to its average volume of 132,389. The stock has a 50 day simple moving average of $16.68 and a 200 day simple moving average of $17.59. The company has a market capitalization of $525.99 million, a PE ratio of 24.42 and a beta of 0.28. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. The business had revenue of $132.48 million during the quarter, compared to analysts' expectations of $129.72 million. LSI Industries had a net margin of 4.00% and a return on equity of 10.24%. On average, 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.