Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 11.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,657 shares of the construction company's stock after selling 17,032 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.46% of LSI Industries worth $2,340,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock worth $703,000 after acquiring an additional 858 shares in the last quarter. GAMMA Investing LLC grew its position in LSI Industries by 4,116.3% in the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after acquiring an additional 10,373 shares in the last quarter. Bank of America Corp DE grew its position in LSI Industries by 86.3% in the fourth quarter. Bank of America Corp DE now owns 70,356 shares of the construction company's stock worth $1,366,000 after acquiring an additional 32,600 shares in the last quarter. Squarepoint Ops LLC grew its position in LSI Industries by 18.0% in the fourth quarter. Squarepoint Ops LLC now owns 16,254 shares of the construction company's stock worth $316,000 after acquiring an additional 2,476 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in LSI Industries by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after acquiring an additional 1,362 shares in the last quarter. 73.91% of the stock is owned by institutional investors.
LSI Industries Stock Performance
LSI Industries stock traded up $0.21 during mid-day trading on Tuesday, reaching $19.14. The company had a trading volume of 24,344 shares, compared to its average volume of 136,074. 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 52 week low of $13.77 and a 52 week high of $25.50. The company has a 50 day moving average of $17.65 and a 200-day moving average of $17.34. The firm has a market cap of $572.67 million, a price-to-earnings ratio of 26.56 and a beta of 0.32.
Analyst Ratings Changes
Several analysts recently issued reports on LYTS shares. Canaccord Genuity Group decreased their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday, April 25th. HC Wainwright restated a "buy" rating and set a $30.00 price target on shares of LSI Industries in a report on Friday, April 25th. Finally, Wall Street Zen downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $26.00.
Read Our Latest Stock Analysis on LSI Industries
About LSI Industries
(
Free Report)
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.
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