North Star Investment Management Corp. reduced its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 34.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 300,949 shares of the construction company’s stock after selling 159,682 shares during the period. North Star Investment Management Corp. owned approximately 1.18% of LSI Industries worth $2,724,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of 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. Metropolitan Life Insurance Co. NY boosted 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 valued at $161,000 after buying an additional 2,645 shares during the last quarter. UBS Group AG boosted 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 valued at $168,000 after buying an additional 890 shares during the last quarter. TFS Capital LLC bought a new stake in shares of LSI Industries during the first quarter valued at $204,000. Finally, 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. 76.84% of the stock is owned by institutional investors.
Shares of LSI Industries Inc. (NASDAQ:LYTS) traded up 3.05% during midday trading on Friday, hitting $8.45. The stock had a trading volume of 54,062 shares. LSI Industries Inc. has a 1-year low of $8.12 and a 1-year high of $11.57. The stock has a market cap of $214.62 million, a price-to-earnings ratio of 59.93 and a beta of 1.57. The firm’s 50-day moving average price is $8.94 and its 200-day moving average price is $9.29.
LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, April 27th. The construction company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.03. LSI Industries had a net margin of 1.13% and a return on equity of 3.77%. The company had revenue of $78.16 million during the quarter, compared to the consensus estimate of $81.30 million. Analysts forecast that LSI Industries Inc. will post $0.16 earnings per share for the current year.
Separately, Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
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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