LightPath Technologies, Inc. $LPTH Shares Sold by AMH Equity Ltd

AMH Equity Ltd trimmed its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 37.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,300,000 shares of the technology company’s stock after selling 779,293 shares during the quarter. LightPath Technologies accounts for 12.8% of AMH Equity Ltd’s holdings, making the stock its biggest position. AMH Equity Ltd owned approximately 2.91% of LightPath Technologies worth $10,309,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LPTH. Marathon Capital Management bought a new position in shares of LightPath Technologies during the second quarter worth about $54,000. J.W. Cole Advisors Inc. acquired a new stake in shares of LightPath Technologies in the second quarter valued at approximately $79,000. Jane Street Group LLC lifted its position in shares of LightPath Technologies by 92.1% in the first quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock worth $122,000 after purchasing an additional 29,054 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of LightPath Technologies during the 2nd quarter worth about $134,000. Finally, SG Americas Securities LLC acquired a new stake in shares of LightPath Technologies in the third quarter valued at about $139,000. Institutional investors own 56.29% of the company’s stock.

Insider Activity at LightPath Technologies

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 770,321 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the sale, the director directly owned 2,728,968 shares of the company’s stock, valued at approximately $31,983,504.96. The trade was a 22.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.80% of the stock is currently owned by insiders.

LightPath Technologies Stock Performance

Shares of LPTH opened at $12.57 on Friday. The stock has a market capitalization of $572.31 million, a P/E ratio of -32.23 and a beta of 0.98. The company has a current ratio of 1.98, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $6.79. LightPath Technologies, Inc. has a 12 month low of $1.61 and a 12 month high of $15.04.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. HC Wainwright boosted their target price on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Lake Street Capital lifted their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.13.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.