LSI Industries (NASDAQ:LYTS) Stock Rating Lowered by Wall Street Zen

Key Points

• LSI Industries' stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen.
• HC Wainwright maintained a "buy" rating with a price target of $30, while Canaccord Genuity reduced their price target from $26 to $22.
• Institutional investors hold 73.91% of LSI Industries' stock, with significant increases in holdings by several large firms in recent quarters.

LSI Industries (NASDAQ:LYTS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group reduced 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. HC Wainwright restated a "buy" rating and set a $30.00 price objective on shares of LSI Industries in a research report on Friday, April 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, LSI Industries has a consensus rating of "Buy" and an average target price of $26.00.

LSI Industries Stock Performance

NASDAQ:LYTS traded up $0.32 during midday trading on Friday, reaching $19.30. 179,569 shares of the company traded hands, compared to its average volume of 108,983. LSI Industries has a twelve month low of $13.77 and a twelve month high of $25.50. The firm has a market capitalization of $577.48 million, a price-to-earnings ratio of 26.81 and a beta of 0.32. 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 fifty day moving average price of $17.75 and a 200 day moving average price of $17.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in LSI Industries by 141.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company's stock worth $74,000 after acquiring an additional 2,555 shares during the period. Manatuck Hill Partners LLC boosted its position in LSI Industries by 40.7% during the 2nd quarter. Manatuck Hill Partners LLC now owns 55,300 shares of the construction company's stock worth $941,000 after acquiring an additional 16,000 shares during the period. BNP Paribas Financial Markets boosted its position in LSI Industries by 22.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company's stock worth $69,000 after acquiring an additional 736 shares during the period. Bank of America Corp DE boosted its position in LSI Industries by 29.1% during the 2nd quarter. Bank of America Corp DE now owns 75,108 shares of the construction company's stock worth $1,278,000 after acquiring an additional 16,919 shares during the period. Finally, Jane Street Group LLC boosted its position in LSI Industries by 141.3% during the 2nd quarter. Jane Street Group LLC now owns 79,459 shares of the construction company's stock worth $1,352,000 after acquiring an additional 46,529 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

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.