LSI Industries, Inc. (LYTS) Holdings Trimmed by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC cut its holdings in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 58.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358,322 shares of the construction company’s stock after selling 503,960 shares during the period. Chartwell Investment Partners LLC owned about 1.38% of LSI Industries worth $942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in LSI Industries by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,395,900 shares of the construction company’s stock worth $4,424,000 after purchasing an additional 3,691 shares during the last quarter. Creative Planning lifted its stake in LSI Industries by 9.0% during the fourth quarter. Creative Planning now owns 60,370 shares of the construction company’s stock worth $191,000 after purchasing an additional 5,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in LSI Industries by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,754 shares of the construction company’s stock worth $852,000 after purchasing an additional 6,447 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of LSI Industries by 19.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,371 shares of the construction company’s stock worth $185,000 after buying an additional 9,400 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of LSI Industries by 1.1% during the third quarter. Vanguard Group Inc now owns 1,102,613 shares of the construction company’s stock worth $5,072,000 after buying an additional 12,094 shares in the last quarter. Hedge funds and other institutional investors own 65.94% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

In related news, Director John K. Morgan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 20th. The stock was bought at an average cost of $3.27 per share, for a total transaction of $32,700.00. Following the completion of the acquisition, the director now owns 35,880 shares of the company’s stock, valued at $117,327.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.86% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:LYTS opened at $3.13 on Wednesday. The firm has a market cap of $79.86 million, a PE ratio of 14.23, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.48 and a quick ratio of 1.41. LSI Industries, Inc. has a 52-week low of $2.48 and a 52-week high of $7.92.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Wednesday, January 23rd. The construction company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $89.54 million for the quarter, compared to analyst estimates of $92.00 million. LSI Industries had a positive return on equity of 2.78% and a negative net margin of 4.89%. On average, sell-side analysts anticipate that LSI Industries, Inc. will post 0.2 EPS for the current year.

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LSI Industries Company Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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