Jane Street Group LLC Makes New $111,000 Investment in LightPath Technologies, Inc. (NASDAQ:LPTH)

Jane Street Group LLC acquired a new position in LightPath Technologies, Inc. (NASDAQ:LPTH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,558 shares of the technology company’s stock, valued at approximately $111,000. Jane Street Group LLC owned 0.08% of LightPath Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp raised its position in LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company’s stock worth $226,000 after acquiring an additional 13,087 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of LightPath Technologies by 101.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company’s stock worth $109,000 after purchasing an additional 15,500 shares in the last quarter. Legato Capital Management LLC purchased a new position in shares of LightPath Technologies in the fourth quarter worth about $83,000. J.W. Cole Advisors Inc. purchased a new position in shares of LightPath Technologies in the fourth quarter worth about $87,000. Finally, Geode Capital Management LLC increased its stake in shares of LightPath Technologies by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company’s stock worth $1,376,000 after purchasing an additional 50,767 shares in the last quarter. Institutional investors own 56.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LPTH shares. HC Wainwright reiterated a “buy” rating and issued a $5.00 target price on shares of LightPath Technologies in a research note on Monday, May 19th. Craig Hallum started coverage on shares of LightPath Technologies in a research note on Monday, April 28th. They issued a “buy” rating and a $5.50 target price for the company. Finally, Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.88.

LightPath Technologies Price Performance

Shares of NASDAQ:LPTH opened at $2.99 on Friday. The company has a 50 day moving average of $2.29 and a 200 day moving average of $2.51. The stock has a market cap of $132.91 million, a P/E ratio of -12.46 and a beta of 0.91. LightPath Technologies, Inc. has a 12 month low of $1.04 and a 12 month high of $4.42. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $9.17 million for the quarter, compared to analysts’ expectations of $8.78 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that LightPath Technologies, Inc. will post -0.18 EPS for the current fiscal year.

LightPath Technologies Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.