PNC Financial Services Group Inc. Acquires 643 Shares of LSI Industries Inc. (NASDAQ:LYTS)

PNC Financial Services Group Inc. grew its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,856 shares of the construction company’s stock after acquiring an additional 643 shares during the period. PNC Financial Services Group Inc. owned 0.08% of LSI Industries worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Systematic Financial Management LP raised its position in LSI Industries by 4.3% in the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after acquiring an additional 103,724 shares during the period. G2 Investment Partners Management LLC raised its position in shares of LSI Industries by 1.4% during the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 5,470 shares during the period. Northern Trust Corp raised its position in shares of LSI Industries by 9.9% during the 4th quarter. Northern Trust Corp now owns 268,521 shares of the construction company’s stock valued at $5,215,000 after purchasing an additional 24,121 shares during the period. Invesco Ltd. raised its position in shares of LSI Industries by 354.1% during the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company’s stock valued at $4,734,000 after purchasing an additional 190,095 shares during the period. Finally, Annex Advisory Services LLC raised its position in shares of LSI Industries by 1.7% during the 1st quarter. Annex Advisory Services LLC now owns 139,127 shares of the construction company’s stock valued at $2,365,000 after purchasing an additional 2,380 shares during the period. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $19.38 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. The company has a market cap of $579.85 million, a P/E ratio of 26.92 and a beta of 0.32. The firm’s fifty day moving average is $17.53 and its two-hundred day moving average is $17.42. LSI Industries Inc. has a 52-week low of $13.63 and a 52-week high of $25.50.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LYTS shares. Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Canaccord Genuity Group decreased their price objective on shares of LSI Industries from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, 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.

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.