Morgan Dempsey Capital Management LLC reduced its position in LSI Industries, Inc. (NASDAQ:LYTS) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 107,841 shares of the construction company’s stock after selling 4,729 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in LSI Industries were worth $976,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYTS. American International Group Inc. raised 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 worth $148,000 after buying an additional 963 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after buying an additional 2,645 shares during the period. UBS Group AG raised its stake in shares of LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares during the period. TFS Capital LLC bought a new stake in shares of LSI Industries during the first quarter worth about $204,000. Finally, Russell Investments Group Ltd. raised 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 worth $219,000 after buying an additional 15,130 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Shares of LSI Industries, Inc. (NASDAQ LYTS) opened at 5.85 on Thursday. The firm has a market cap of $148.58 million, a price-to-earnings ratio of 41.49 and a beta of 1.56. The company has a 50 day moving average of $8.43 and a 200 day moving average of $9.17. LSI Industries, Inc. has a 1-year low of $5.80 and a 1-year high of $11.55.

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A number of equities research analysts have issued reports on LYTS shares. Canaccord Genuity reissued a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research note on Monday. Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Roth Capital lowered shares of LSI Industries from a “buy” rating to a “hold” rating and decreased their target price for the company from $13.00 to $7.00 in a research note on Friday, August 4th.

LSI Industries Company Profile

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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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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