Squarepoint Ops LLC Cuts Holdings in LightPath Technologies, Inc. $LPTH

Key Points

• Squarepoint Ops LLC reduced its LightPath Technologies stake by 33.6% in the second quarter, selling 132,135 shares and retaining 261,067 shares valued at approximately $4.27 million. Institutional investors collectively own 56.29% of LPTH.
• LightPath reported strong growth, with fiscal fourth-quarter revenue up 73.8% year over year to $21.2 million and a backlog of $110.9 million, driven by defense, infrared imaging, missile-defense and space demand.
• Despite improving revenue and EBITDA, profitability remains weak: the company posted a wider full-year net loss of $20.5 million and expects fiscal 2027 capital expenditures to exceed $6.3 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $14.10, versus a recent share price of $9.20.

Squarepoint Ops LLC decreased its stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 33.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,067 shares of the technology company's stock after selling 132,135 shares during the period. Squarepoint Ops LLC owned about 0.42% of LightPath Technologies worth $4,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LPTH. TD Waterhouse Canada Inc. bought a new stake in shares of LightPath Technologies during the 2nd quarter worth $71,000. Royal Bank of Canada increased its stake in LightPath Technologies by 707.2% in the first quarter. Royal Bank of Canada now owns 9,565 shares of the technology company's stock valued at $96,000 after acquiring an additional 8,380 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in LightPath Technologies during the third quarter valued at about $82,000. PVG Asset Management Corp purchased a new stake in LightPath Technologies during the first quarter valued at about $108,000. Finally, Wexford Capital LP bought a new stake in LightPath Technologies during the third quarter worth about $88,000. Hedge funds and other institutional investors own 56.29% of the company's stock.

LightPath Technologies Stock Down 5.0%

Shares of NASDAQ:LPTH opened at $9.20 on Friday. The stock has a market capitalization of $577.66 million, a P/E ratio of -23.00 and a beta of 1.39. The stock's 50-day moving average price is $11.79 and its 200-day moving average price is $12.71. The company has a current ratio of 3.86, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. LightPath Technologies, Inc. has a 12-month low of $5.28 and a 12-month high of $18.94.

Key Stories Impacting LightPath Technologies

Here are the key news stories impacting LightPath Technologies this week:

• Positive Sentiment: Fiscal fourth-quarter revenue increased 73.8% year over year to $21.2 million, while full-year revenue nearly doubled to $71.7 million. Gross profit rose 207% in the quarter, and adjusted EBITDA improved to $2.1 million from a $2.0 million loss, indicating better operating leverage. LightPath Technologies fiscal 2026 results
• Positive Sentiment: The company reported a $110.9 million backlog and expects continued demand from defense, infrared imaging, missile-defense and space applications. Management is scaling its vertically integrated platform to address that backlog. LightPath Technologies backlog and revenue growth
• Neutral Sentiment: Management indicated fiscal 2027 capital expenditures will exceed fiscal 2026’s $6.3 million, reflecting investment to expand production capacity but potentially increasing near-term cash needs. LightPath fiscal 2027 capital expenditure outlook
• Negative Sentiment: Reported profitability remains weak. One earnings report showed a fourth-quarter loss of $0.06 per share versus a $0.01 consensus estimate, although another source reported a $0.02 loss in line with expectations. Full-year net loss widened to $20.5 million, and operating expenses rose substantially, partly because of acquisition earnout fair-value adjustments. LightPath Technologies fourth-quarter loss

Wall Street Analyst Weigh In

LPTH has been the subject of a number of research reports. Piper Sandler assumed coverage on LightPath Technologies in a report on Wednesday, August 12th. They issued an "overweight" rating and a $15.00 price objective for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of LightPath Technologies in a report on Friday, July 17th. Canaccord Genuity Group dropped their target price on LightPath Technologies from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Tuesday, September 1st. Finally, Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.10.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company's portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.

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