LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in LSI Industries Inc. by 11.0%, owning 137,657 shares worth approximately $2.34 million.
• Institutional investors collectively hold 73.91% of LSI Industries' stock, with several funds including PNC Financial Services and MetLife Investment Management increasing their stakes recently.
• Analysts have differing views on LSI Industries, with Wall Street Zen upgrading the stock to a "strong-buy" rating, while Canaccord Genuity has lowered its price target from $26.00 to $22.00.

Connor Clark & Lunn Investment Management Ltd. decreased its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,657 shares of the construction company's stock after selling 17,032 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.46% of LSI Industries worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in LSI Industries by 2.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company's stock valued at $389,000 after purchasing an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LSI Industries by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock valued at $312,000 after purchasing an additional 684 shares during the last quarter. Rhumbline Advisers increased its stake in shares of LSI Industries by 2.1% during the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after acquiring an additional 858 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of LSI Industries by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock valued at $324,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of LSI Industries by 2.1% during the 4th quarter. Nuveen Asset Management LLC now owns 84,264 shares of the construction company's stock valued at $1,636,000 after acquiring an additional 1,717 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on LYTS shares. Wall Street Zen raised shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Canaccord Genuity Group dropped their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $30.00 price objective on shares of LSI Industries in a research note on Friday, April 25th.

LSI Industries Trading Down 1.5%

NASDAQ LYTS opened at $19.38 on Friday. LSI Industries Inc. has a 12 month low of $13.63 and a 12 month high of $25.50. The company has a 50-day moving average of $17.53 and a 200-day moving average of $17.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.25. The company has a market cap of $579.85 million, a P/E ratio of 26.92 and a beta of 0.32.

About LSI Industries

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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