Strs Ohio cut its holdings in LSI Industries Inc. (NASDAQ:LYTS – Free Report) by 42.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,100 shares of the construction company’s stock after selling 15,800 shares during the period. Strs Ohio’s holdings in LSI Industries were worth $297,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new position in shares of LSI Industries in the 4th quarter valued at about $35,000. SG Americas Securities LLC purchased a new position in LSI Industries in the fourth quarter valued at approximately $121,000. Allspring Global Investments Holdings LLC purchased a new position in LSI Industries in the third quarter valued at approximately $247,000. Arete Wealth Advisors LLC acquired a new stake in LSI Industries during the third quarter worth approximately $364,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of LSI Industries by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,122 shares of the construction company’s stock worth $383,000 after buying an additional 1,944 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.
LSI Industries Stock Performance
Shares of LYTS opened at $15.01 on Tuesday. The company’s 50 day simple moving average is $14.60 and its 200-day simple moving average is $14.10. The firm has a market cap of $436.34 million, a PE ratio of 16.14 and a beta of 0.85. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10.
LSI Industries Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms recently commented on LYTS. StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Canaccord Genuity Group raised their price objective on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday. Finally, HC Wainwright reiterated a “buy” rating and set a $20.00 target price on shares of LSI Industries in a research report on Monday, April 22nd.
View Our Latest Analysis on LYTS
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.
Featured Articles
- Five stocks we like better than LSI Industries
- Dividend Capture Strategy: What You Need to Know
- The 3 Hottest Insiders Buys This Month
- Stock Analyst Ratings and Canadian Analyst Ratings
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- 3 Fintech Stocks With Good 2021 Prospects
- Microsoft Analysis: Trends, Predictions & Investment Insight
Want to see what other hedge funds are holding LYTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LSI Industries Inc. (NASDAQ:LYTS – Free Report).
Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.