LightPath Technologies, Inc. (NASDAQ:LPTH) Stock Holdings Reduced by AMH Equity Ltd

AMH Equity Ltd trimmed its position in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 19.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,279,339 shares of the technology company's stock after selling 560,661 shares during the quarter. LightPath Technologies accounts for approximately 6.9% of AMH Equity Ltd's portfolio, making the stock its 3rd largest holding. AMH Equity Ltd owned about 5.68% of LightPath Technologies worth $4,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LPTH. Geode Capital Management LLC raised its holdings in shares of LightPath Technologies by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company's stock valued at $1,376,000 after buying an additional 50,767 shares during the period. EAM Investors LLC purchased a new stake in shares of LightPath Technologies during the fourth quarter valued at approximately $1,102,000. Price T Rowe Associates Inc. MD raised its stake in shares of LightPath Technologies by 101.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company's stock valued at $109,000 after purchasing an additional 15,500 shares during the period. Northern Trust Corp lifted its position in shares of LightPath Technologies by 25.7% during the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after purchasing an additional 13,087 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of LightPath Technologies in the fourth quarter valued at $111,000. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Price Performance

LPTH stock traded down $0.07 during trading on Friday, hitting $3.44. The company had a trading volume of 139,369 shares, compared to its average volume of 185,760. The firm has a market capitalization of $152.91 million, a price-to-earnings ratio of -13.23 and a beta of 0.90. The company has a current ratio of 2.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $2.90 and a 200 day moving average of $2.66. LightPath Technologies, Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The business had revenue of $9.17 million during the quarter, compared to analyst estimates of $8.78 million. LightPath Technologies had a negative net margin of 30.18% and a negative return on equity of 41.68%. During the same period in the previous year, the company posted ($0.07) earnings per share. As a group, research analysts predict that LightPath Technologies, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

LPTH has been the topic of a number of recent analyst reports. Craig Hallum started coverage on LightPath Technologies in a research report on Monday, April 28th. They issued a "buy" rating and a $5.50 target price on the stock. HC Wainwright restated a "buy" rating and set a $5.00 price objective on shares of LightPath Technologies in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded LightPath Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LightPath Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.