LightPath Technologies (NASDAQ:LPTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “LightPath Technologies, Inc. provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM lenses. LightPath also offers custom optical assemblies, including full engineering design support. “
Separately, Dougherty & Co reissued a “buy” rating and issued a $3.10 price objective on shares of LightPath Technologies in a research note on Friday, October 6th.
Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC lifted its stake in shares of LightPath Technologies by 152.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after purchasing an additional 86,541 shares during the period. Virtu KCG Holdings LLC lifted its stake in shares of LightPath Technologies by 601.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after purchasing an additional 184,960 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of LightPath Technologies by 1,332.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after purchasing an additional 289,330 shares during the period. Foundry Partners LLC lifted its stake in shares of LightPath Technologies by 8.5% in the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of LightPath Technologies by 19.0% in the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 114,279 shares during the period. 31.52% of the stock is currently owned by institutional investors.
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LightPath Technologies Company Profile
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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