26,907 Shares in LSI Industries Inc. (NASDAQ:LYTS) Bought by Townsquare Capital LLC

Townsquare Capital LLC purchased a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,907 shares of the construction company's stock, valued at approximately $523,000. Townsquare Capital LLC owned approximately 0.09% of LSI Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank increased its stake in shares of LSI Industries by 2.5% in the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock worth $1,023,000 after acquiring an additional 1,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock worth $1,590,000 after purchasing an additional 1,652 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of LSI Industries by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock valued at $910,000 after purchasing an additional 1,876 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of LSI Industries by 894.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after purchasing an additional 1,888 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of LSI Industries by 3.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,756 shares of the construction company's stock worth $1,219,000 after purchasing an additional 2,096 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Down 1.9 %

NASDAQ LYTS traded down $0.28 during mid-day trading on Friday, reaching $14.44. The stock had a trading volume of 138,184 shares, compared to its average volume of 162,102. The company has a fifty day moving average price of $17.18 and a 200 day moving average price of $18.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The stock has a market cap of $431.91 million, a PE ratio of 18.74 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The firm had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. On average, research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LYTS. StockNews.com raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. HC Wainwright restated a "buy" rating and set a $30.00 price target on shares of LSI Industries in a report on Friday. Finally, Canaccord Genuity Group dropped their price target on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday.

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.