Cornerstone Capital Management Holdings LLC. Has $1.05 Million Position in LSI Industries Inc. (LYTS)
Cornerstone Capital Management Holdings LLC. cut its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 5.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,278 shares of the construction company’s stock after selling 6,419 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in LSI Industries were worth $1,051,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in LYTS. American International Group Inc. boosted its stake in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock valued at $148,000 after buying an additional 963 shares during the last quarter. TFS Capital LLC bought a new stake in shares of LSI Industries during the first quarter valued at about $204,000. Russell Investments Group Ltd. boosted its stake in shares of LSI Industries by 232.8% in the first quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock valued at $219,000 after buying an additional 15,130 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of LSI Industries by 57.2% in the first quarter. Nationwide Fund Advisors now owns 31,044 shares of the construction company’s stock valued at $313,000 after buying an additional 11,302 shares during the last quarter. Finally, Menta Capital LLC boosted its stake in shares of LSI Industries by 51.3% in the fourth quarter. Menta Capital LLC now owns 37,544 shares of the construction company’s stock valued at $366,000 after buying an additional 12,730 shares during the last quarter. Institutional investors and hedge funds own 77.45% of the company’s stock.
LSI Industries Inc. (LYTS) traded down 0.77% during mid-day trading on Tuesday, reaching $9.04. The company’s stock had a trading volume of 936 shares. The stock has a market capitalization of $229.61 million, a P/E ratio of 64.11 and a beta of 1.64. LSI Industries Inc. has a 1-year low of $8.12 and a 1-year high of $11.64. The stock’s 50 day moving average price is $8.87 and its 200 day moving average price is $9.48.
LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, April 27th. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $78.16 million during the quarter, compared to analyst estimates of $81.30 million. LSI Industries had a net margin of 1.13% and a return on equity of 3.77%. Analysts expect that LSI Industries Inc. will post $0.16 EPS for the current fiscal year.
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A number of analysts have weighed in on LYTS shares. Canaccord Genuity restated a “buy” rating and issued a $12.00 price target on shares of LSI Industries in a research note on Wednesday, February 22nd. Roth Capital set a $13.00 price target on LSI Industries and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Zacks Investment Research cut LSI Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd.
About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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