D. E. Shaw & Co. Inc. decreased its position in LSI Industries, Inc. (NASDAQ:LYTS) by 87.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,980 shares of the construction company’s stock after selling 193,141 shares during the period. D. E. Shaw & Co. Inc.’s holdings in LSI Industries were worth $102,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kennedy Capital Management Inc. boosted its holdings in shares of LSI Industries by 1.9% during the first quarter. Kennedy Capital Management Inc. now owns 779,227 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 14,861 shares during the period. North Star Investment Management Corp. raised its position in shares of LSI Industries by 4.0% during the 2nd quarter. North Star Investment Management Corp. now owns 525,843 shares of the construction company’s stock valued at $1,919,000 after purchasing an additional 20,016 shares during the period. Wells Fargo & Company MN raised its position in shares of LSI Industries by 12.9% during the 2nd quarter. Wells Fargo & Company MN now owns 31,460 shares of the construction company’s stock valued at $116,000 after purchasing an additional 3,583 shares during the period. WealthTrust Axiom LLC raised its position in shares of LSI Industries by 1.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 933,665 shares of the construction company’s stock valued at $3,407,000 after purchasing an additional 8,954 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of LSI Industries by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 266,884 shares of the construction company’s stock valued at $974,000 after purchasing an additional 5,324 shares during the period. Institutional investors and hedge funds own 59.85% of the company’s stock.

Several analysts have recently commented on LYTS shares. Zacks Investment Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 24th. ValuEngine downgraded shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd.

Shares of LYTS stock traded down $0.01 on Monday, hitting $5.11. 500 shares of the stock traded hands, compared to its average volume of 78,362. The firm has a market cap of $132.67 million, a price-to-earnings ratio of 127.75, a PEG ratio of 0.81 and a beta of 1.38. LSI Industries, Inc. has a 52 week low of $2.48 and a 52 week high of $5.43. The firm has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $3.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.78 and a quick ratio of 1.69.

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.

Read More: How is a price target determined?

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.