AMH Equity Ltd Has $4.58 Million Holdings in LightPath Technologies, Inc. (NASDAQ:LPTH)

AMH Equity Ltd decreased its stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,279,339 shares of the technology company's stock after selling 560,661 shares during the quarter. LightPath Technologies makes up 6.9% of AMH Equity Ltd's holdings, making the stock its 3rd biggest position. AMH Equity Ltd owned about 5.68% of LightPath Technologies worth $4,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in LightPath Technologies by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company's stock worth $1,376,000 after acquiring an additional 50,767 shares during the period. EAM Investors LLC purchased a new stake in LightPath Technologies in the 4th quarter valued at about $1,102,000. Connective Capital Management LLC acquired a new position in LightPath Technologies in the fourth quarter valued at about $733,000. Wealth Effects LLC boosted its position in shares of LightPath Technologies by 176.3% during the 1st quarter. Wealth Effects LLC now owns 128,500 shares of the technology company's stock worth $258,000 after purchasing an additional 82,000 shares during the period. Finally, Northern Trust Corp grew its stake in shares of LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock valued at $226,000 after buying an additional 13,087 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

LightPath Technologies Stock Down 5.7%

LightPath Technologies stock traded down $0.19 during midday trading on Tuesday, hitting $3.13. 246,508 shares of the stock were exchanged, compared to its average volume of 186,431. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.30 and a quick ratio of 1.26. The company has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $2.65. The firm has a market cap of $139.13 million, a P/E ratio of -12.04 and a beta of 0.90. LightPath Technologies, Inc. has a 1 year low of $1.04 and a 1 year 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). LightPath Technologies had a negative net margin of 30.18% and a negative return on equity of 41.68%. The firm had revenue of $9.17 million during the quarter, compared to the consensus estimate of $8.78 million. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, sell-side analysts predict that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LPTH has been the subject of a number of recent analyst reports. Wall Street Zen raised LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Craig Hallum initiated coverage on shares of LightPath Technologies in a report on Monday, April 28th. They issued a "buy" rating and a $5.50 target price on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and set a $5.00 price target on shares of LightPath Technologies in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.88.

LightPath Technologies 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.