Ladenburg Thalmann Financial Services Inc. Has $123,000 Position in LSI Industries Inc. (LYTS)

Ladenburg Thalmann Financial Services Inc. lowered its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 60.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,856 shares of the construction company’s stock after selling 27,866 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in LSI Industries were worth $123,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in LSI Industries by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,851,348 shares of the construction company’s stock worth $12,237,000 after acquiring an additional 23,486 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of LSI Industries by 3.3% in the 4th quarter. BlackRock Inc. now owns 1,702,365 shares of the construction company’s stock valued at $11,712,000 after purchasing an additional 55,034 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of LSI Industries by 4.3% in the 4th quarter. Chartwell Investment Partners LLC now owns 1,656,710 shares of the construction company’s stock valued at $11,398,000 after purchasing an additional 69,055 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in shares of LSI Industries by 2.6% in the 4th quarter. WealthTrust Axiom LLC now owns 783,618 shares of the construction company’s stock valued at $5,391,000 after purchasing an additional 19,867 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of LSI Industries by 1.1% in the 4th quarter. Systematic Financial Management LP now owns 760,004 shares of the construction company’s stock valued at $5,229,000 after purchasing an additional 8,023 shares during the last quarter. Hedge funds and other institutional investors own 73.60% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of LYTS opened at $7.68 on Monday. The firm has a market capitalization of $196.67, a price-to-earnings ratio of 40.42, a P/E/G ratio of 1.23 and a beta of 1.67. LSI Industries Inc. has a fifty-two week low of $4.99 and a fifty-two week high of $10.00. The company has a current ratio of 2.71, a quick ratio of 1.57 and a debt-to-equity ratio of 0.37.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. The company had revenue of $92.30 million for the quarter, compared to analyst estimates of $88.85 million. LSI Industries had a negative net margin of 4.96% and a positive return on equity of 3.88%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts forecast that LSI Industries Inc. will post 0.25 earnings per share for the current fiscal year.

LYTS has been the topic of a number of research analyst reports. Canaccord Genuity lifted their price target on shares of LSI Industries from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Singular Research initiated coverage on shares of LSI Industries in a report on Friday, February 2nd. They issued a “buy” rating and a $9.80 price target on the stock. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, January 31st. Finally, Roth Capital reiterated a “hold” rating and issued a $8.00 price target on shares of LSI Industries in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. LSI Industries has an average rating of “Buy” and a consensus price target of $9.26.

ILLEGAL ACTIVITY WARNING: This story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/16/ladenburg-thalmann-financial-services-inc-has-123000-position-in-lsi-industries-inc-lyts.html.

About LSI Industries

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.

Want to see what other hedge funds are holding LYTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LSI Industries Inc. (NASDAQ:LYTS).

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

Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply