Macquarie Group Ltd. lowered its position in LSI Industries, Inc. (NASDAQ:LYTS) by 61.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,381 shares of the construction company’s stock after selling 45,117 shares during the period. Macquarie Group Ltd.’s holdings in LSI Industries were worth $90,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LYTS. BlackRock Inc. increased its position in shares of LSI Industries by 17.1% in the third quarter. BlackRock Inc. now owns 1,392,209 shares of the construction company’s stock valued at $6,404,000 after buying an additional 202,813 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of LSI Industries by 30.4% in the third quarter. Renaissance Technologies LLC now owns 443,150 shares of the construction company’s stock valued at $2,038,000 after buying an additional 103,334 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of LSI Industries by 52.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 261,678 shares of the construction company’s stock valued at $830,000 after buying an additional 90,318 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of LSI Industries by 39.0% in the fourth quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock valued at $798,000 after buying an additional 70,628 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of LSI Industries in the fourth quarter valued at $214,000. Institutional investors and hedge funds own 65.94% of the company’s stock.

LYTS opened at $3.22 on Thursday. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.39. The firm has a market cap of $81.55 million, a P/E ratio of 14.64, a P/E/G ratio of 0.62 and a beta of 1.58. LSI Industries, Inc. has a 52 week low of $2.48 and a 52 week high of $7.92.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Wednesday, January 23rd. The construction company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 negative net margin of 4.89% and a positive return on equity of 2.78%. Equities analysts predict that LSI Industries, Inc. will post 0.2 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut LSI Industries from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th.

In related news, Director John K. Morgan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were acquired at an average price of $3.27 per share, with a total value of $32,700.00. Following the completion of the purchase, the director now directly owns 35,880 shares in the company, valued at $117,327.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.86% of the stock is owned by company insiders.

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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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