Northpointe Capital LLC raised its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 587,896 shares of the construction company’s stock after buying an additional 33,197 shares during the period. Northpointe Capital LLC owned about 2.31% of LSI Industries worth $5,320,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in LSI Industries by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock worth $200,000 after buying an additional 370 shares during the period. Rhumbline Advisers increased its stake in LSI Industries by 1.5% in the second quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock worth $267,000 after buying an additional 430 shares during the period. UBS Group AG increased its stake in LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares during the period. American International Group Inc. increased its stake in LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares during the period. Finally, Bank of America Corp DE increased its stake in LSI Industries by 4.7% in the first quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock worth $222,000 after buying an additional 983 shares during the period. Hedge funds and other institutional investors own 76.74% of the company’s stock.

Shares of LSI Industries Inc. (LYTS) opened at 5.73 on Wednesday. The stock has a market capitalization of $145.54 million, a P/E ratio of 40.64 and a beta of 1.56. The company has a 50 day moving average price of $8.09 and a 200-day moving average price of $9.06. LSI Industries Inc. has a 1-year low of $5.45 and a 1-year high of $11.55.

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A number of research firms recently weighed in on LYTS. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. TheStreet downgraded LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $9.00 price target on shares of LSI Industries in a research note on Monday, August 7th. Finally, Roth Capital downgraded LSI Industries from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $7.00 in a research note on Friday, August 4th.

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

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