Sheaff Brock Investment Advisors LLC trimmed its position in Revolution Lighting Technologies Inc (NASDAQ:RVLT) by 58.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,123 shares of the electronics maker’s stock after selling 47,072 shares during the period. Sheaff Brock Investment Advisors LLC owned 0.16% of Revolution Lighting Technologies worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. acquired a new position in shares of Revolution Lighting Technologies in the 3rd quarter valued at $100,000. Teachers Advisors LLC purchased a new stake in Revolution Lighting Technologies in the second quarter valued at $143,000. California State Teachers Retirement System purchased a new stake in Revolution Lighting Technologies in the second quarter valued at $144,000. Schwab Charles Investment Management Inc. purchased a new stake in Revolution Lighting Technologies in the second quarter valued at $182,000. Finally, Bank of New York Mellon Corp purchased a new stake in Revolution Lighting Technologies in the second quarter valued at $217,000. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Revolution Lighting Technologies Inc (NASDAQ RVLT) opened at $3.65 on Thursday. Revolution Lighting Technologies Inc has a 1-year low of $3.57 and a 1-year high of $9.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.41 and a quick ratio of 1.60.

Revolution Lighting Technologies (NASDAQ:RVLT) last posted its earnings results on Thursday, October 26th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Revolution Lighting Technologies had a negative net margin of 3.94% and a negative return on equity of 2.39%. The business had revenue of $43.10 million for the quarter, compared to analyst estimates of $42.56 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. equities research analysts forecast that Revolution Lighting Technologies Inc will post -0.42 EPS for the current year.

Several equities research analysts have commented on the stock. Roth Capital set a $8.00 price target on shares of Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, October 27th. HC Wainwright reaffirmed a “buy” rating and issued a $16.00 price target on shares of Revolution Lighting Technologies in a report on Monday, September 25th. TheStreet lowered shares of Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Finally, ValuEngine lowered shares of Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a report on Monday, September 18th.

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About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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Institutional Ownership by Quarter for Revolution Lighting Technologies (NASDAQ:RVLT)

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