North Star Investment Management Corp. decreased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 34.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. TFS Capital LLC acquired a new position in shares of LSI Industries during the first quarter valued at $204,000. First Personal Financial Services acquired a new position in shares of LSI Industries during the first quarter valued at $522,000. Bank of New York Mellon Corp increased its position in shares of LSI Industries by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock valued at $2,098,000 after buying an additional 5,776 shares during the last quarter. Algert Global LLC increased its position in shares of LSI Industries by 8.5% in the first quarter. Algert Global LLC now owns 57,934 shares of the construction company’s stock valued at $585,000 after buying an additional 4,537 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of LSI Industries by 31.0% in the first quarter. Essex Investment Management Co. LLC now owns 135,151 shares of the construction company’s stock valued at $1,364,000 after buying an additional 31,998 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.
Shares of LSI Industries Inc. (NASDAQ:LYTS) opened at 6.35 on Friday. The company’s 50 day moving average price is $8.86 and its 200 day moving average price is $9.27. The stock has a market capitalization of $161.28 million, a PE ratio of 45.04 and a beta of 1.56. LSI Industries Inc. has a 12 month low of $6.20 and a 12 month high of $11.55.
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Several brokerages have recently weighed in on LYTS. Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Roth Capital downgraded LSI Industries from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Friday.
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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