Essex Investment Management Co. LLC Sells 24,676 Shares of LSI Industries, Inc. (NASDAQ:LYTS)

Essex Investment Management Co. LLC lowered its stake in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 10.2% during the third quarter, HoldingsChannel reports. The firm owned 216,205 shares of the construction company’s stock after selling 24,676 shares during the quarter. Essex Investment Management Co. LLC’s holdings in LSI Industries were worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in LYTS. Parametric Portfolio Associates LLC bought a new stake in shares of LSI Industries during the 2nd quarter worth approximately $45,000. Jacobs Levy Equity Management Inc. raised its stake in shares of LSI Industries by 13.4% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 27,885 shares of the construction company’s stock worth $102,000 after purchasing an additional 3,300 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of LSI Industries by 12.9% during the 2nd quarter. Wells Fargo & Company MN now owns 31,460 shares of the construction company’s stock worth $116,000 after purchasing an additional 3,583 shares in the last quarter. Brinker Capital Inc. raised its stake in shares of LSI Industries by 9.3% during the 3rd quarter. Brinker Capital Inc. now owns 38,879 shares of the construction company’s stock worth $203,000 after purchasing an additional 3,312 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in LSI Industries in the 2nd quarter valued at $879,000. Institutional investors own 59.85% of the company’s stock.

LYTS opened at $5.06 on Friday. LSI Industries, Inc. has a 1-year low of $2.48 and a 1-year high of $5.50. The stock’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.03. The company has a current ratio of 2.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.33. The stock has a market cap of $132.93 million, a PE ratio of 169.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38.

A number of equities research analysts recently weighed in on the company. ValuEngine cut LSI Industries from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

LSI Industries Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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