Alliancebernstein L.P. Acquires 17,050 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Alliancebernstein L.P. lifted its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 168.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,160 shares of the construction company's stock after purchasing an additional 17,050 shares during the quarter. Alliancebernstein L.P. owned about 0.09% of LSI Industries worth $527,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock worth $62,000 after buying an additional 2,995 shares during the period. Quantbot Technologies LP lifted its stake in LSI Industries by 777.3% in the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after acquiring an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in LSI Industries during the 4th quarter worth approximately $82,000. Catalina Capital Group LLC bought a new position in shares of LSI Industries during the 4th quarter worth approximately $253,000. Finally, Bailard Inc. bought a new position in shares of LSI Industries during the 4th quarter worth approximately $260,000. 73.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LYTS has been the subject of several recent research reports. HC Wainwright restated a "buy" rating and set a $30.00 target price on shares of LSI Industries in a report on Friday. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Canaccord Genuity Group decreased their price objective on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday.

LSI Industries Stock Down 2.4 %

Shares of NASDAQ LYTS traded down $0.36 during trading hours on Friday, hitting $14.36. The company had a trading volume of 128,049 shares, compared to its average volume of 130,163. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $17.18 and its 200-day moving average is $18.58. The stock has a market capitalization of $429.52 million, a P/E ratio of 18.66 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries 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.