LightPath Technologies, Inc. $LPTH Shares Sold by AWM Investment Company Inc.

Key Points

• AWM Investment Company Inc. reduced its stake in LightPath Technologies by 5.3%, holding 1,727,610 shares worth approximately $3.47 million at the end of the first quarter.
• Analysts raised LightPath Technologies' price target from $5.00 to $6.00, with a consensus rating of "Moderate Buy" and an average price target of $5.13.
• LightPath Technologies' stock has recently experienced a decline, down 8.2%, with current trading around $4.91.

AWM Investment Company Inc. decreased its stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,727,610 shares of the technology company's stock after selling 97,390 shares during the quarter. AWM Investment Company Inc. owned approximately 4.03% of LightPath Technologies worth $3,472,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of LightPath Technologies in the fourth quarter worth about $32,000. Millennium Management LLC purchased a new stake in shares of LightPath Technologies in the 4th quarter valued at approximately $53,000. Ironwood Investment Counsel LLC raised its stake in shares of LightPath Technologies by 14.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company's stock valued at $65,000 after acquiring an additional 4,150 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of LightPath Technologies by 101.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company's stock valued at $109,000 after acquiring an additional 15,500 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of LightPath Technologies in the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 56.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LPTH. HC Wainwright lifted their price objective on shares of LightPath Technologies from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday. Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Zacks Research upgraded shares of LightPath Technologies to a "hold" rating in a research note on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.38.

LightPath Technologies Price Performance

NASDAQ:LPTH traded down $0.05 during mid-day trading on Friday, hitting $5.67. 895,691 shares of the company's stock traded hands, compared to its average volume of 1,215,033. The company has a market cap of $252.03 million, a PE ratio of -21.81 and a beta of 1.10. LightPath Technologies, Inc. has a 1 year low of $1.04 and a 1 year high of $6.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 2.30. The firm's 50 day simple moving average is $3.71 and its 200 day simple moving average is $2.84.

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.