Knights of Columbus Asset Advisors LLC Buys 72,801 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in LSI Industries by 160.9%, acquiring an additional 72,801 shares, bringing its total ownership to approximately 0.39% valued at $2,007,000.
• Several large investors have also modified their holdings in LSI Industries, with Invesco Ltd. boosting its stake by 354.1% during the 4th quarter.
• Wall Street analysts are optimistic about LSI Industries, with a recent upgrade from a "buy" to a "strong-buy" rating and varied target prices, reflecting confidence in the company's performance potential.

Knights of Columbus Asset Advisors LLC boosted its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 160.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,035 shares of the construction company's stock after buying an additional 72,801 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.39% of LSI Industries worth $2,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after acquiring an additional 1,888 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of LSI Industries during the fourth quarter worth approximately $46,000. Quantbot Technologies LP boosted its position in shares of LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after buying an additional 3,218 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of LSI Industries during the fourth quarter worth approximately $82,000. Finally, GAMMA Investing LLC boosted its position in shares of LSI Industries by 4,116.3% during the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after buying an additional 10,373 shares during the period. 73.91% of the stock is owned by institutional investors.

LSI Industries Price Performance

Shares of NASDAQ:LYTS traded down $0.16 on Monday, reaching $18.67. 99,138 shares of the company traded hands, compared to its average volume of 139,544. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The company's 50 day moving average is $16.84 and its 200-day moving average is $17.53. The stock has a market capitalization of $558.61 million, a PE ratio of 25.93 and a beta of 0.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.25.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a return on equity of 10.24% and a net margin of 4.00%. The company had revenue of $132.48 million during the quarter, compared to the consensus estimate of $129.72 million. As a group, analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.