Sei Investments Co. Purchases 190,840 Shares of LSI Industries Inc. $LYTS

Sei Investments Co. raised its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 259.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 264,336 shares of the construction company’s stock after acquiring an additional 190,840 shares during the quarter. Sei Investments Co.’s holdings in LSI Industries were worth $4,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYTS. Vanguard Group Inc. grew its stake in LSI Industries by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock valued at $39,133,000 after buying an additional 50,722 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LSI Industries by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock worth $27,232,000 after acquiring an additional 6,783 shares in the last quarter. AltraVue Capital LLC boosted its holdings in shares of LSI Industries by 8.0% in the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after acquiring an additional 106,693 shares during the period. Royce & Associates LP boosted its holdings in shares of LSI Industries by 16.4% in the fourth quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock worth $22,284,000 after acquiring an additional 171,124 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of LSI Industries by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company’s stock valued at $13,985,000 after purchasing an additional 26,700 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Up 1.1%

LYTS opened at $25.00 on Thursday. The firm has a market capitalization of $917.75 million, a P/E ratio of 33.33 and a beta of 0.56. LSI Industries Inc. has a one year low of $17.20 and a one year high of $27.36. The company has a fifty day moving average price of $24.63 and a 200-day moving average price of $22.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86.

Analysts Set New Price Targets

A number of analysts recently issued reports on LYTS shares. Oppenheimer initiated coverage on LSI Industries in a research note on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price objective on the stock. Weiss Ratings upgraded LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LSI Industries has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Insiders Place Their Bets

In other LSI Industries news, CFO James E. Galeese sold 136,578 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at $4,209,165.52. This trade represents a 44.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas A. Caneris sold 109,226 shares of LSI Industries stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 256,173 shares of company stock valued at $6,220,368 over the last quarter. 7.30% of the stock is owned by corporate insiders.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.