Russell Investments Group Ltd. raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 232.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,630 shares of the construction company’s stock after buying an additional 15,130 shares during the period. Russell Investments Group Ltd. owned about 0.09% of LSI Industries worth $219,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Northpointe Capital LLC raised its position in LSI Industries by 27.9% in the first quarter. Northpointe Capital LLC now owns 554,699 shares of the construction company’s stock worth $5,597,000 after buying an additional 120,879 shares during the last quarter. Nationwide Fund Advisors raised its position in 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. Creative Planning raised its position in LSI Industries by 4,459.0% in the first quarter. Creative Planning now owns 44,450 shares of the construction company’s stock valued at $449,000 after buying an additional 43,475 shares during the last quarter. Teachers Advisors LLC raised its position in LSI Industries by 15.5% in the fourth quarter. Teachers Advisors LLC now owns 50,039 shares of the construction company’s stock valued at $487,000 after buying an additional 6,711 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in LSI Industries by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 236,200 shares of the construction company’s stock valued at $2,301,000 after buying an additional 10,200 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.
Shares of LSI Industries Inc. (NASDAQ:LYTS) traded down 0.99% during midday trading on Tuesday, hitting $6.00. 203,559 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $8.86 and its 200-day moving average is $9.27. LSI Industries Inc. has a 1-year low of $5.95 and a 1-year high of $11.55. The stock has a market cap of $152.39 million, a PE ratio of 42.55 and a beta of 1.56.
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Several equities analysts have weighed in on the stock. Roth Capital lowered shares of LSI Industries from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Friday. Canaccord Genuity reissued a “buy” rating and issued a $9.00 price target on shares of LSI Industries in a research note on Monday. Finally, Zacks Investment Research raised shares of LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
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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