21,741 Shares in LSI Industries Inc. $LYTS Purchased by CM Wealth Advisors LLC

CM Wealth Advisors LLC bought a new position in LSI Industries Inc. (NASDAQ:LYTS) during the second quarter, Holdings Channel reports. The institutional investor bought 21,741 shares of the construction company’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bailard Inc. grew its holdings in shares of LSI Industries by 3.4% during the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. Quantinno Capital Management LP increased its position in LSI Industries by 1.2% in the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock worth $858,000 after buying an additional 536 shares during the period. New York State Teachers Retirement System increased its position in LSI Industries by 28.5% in the first quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock worth $46,000 after buying an additional 554 shares during the period. Rockefeller Capital Management L.P. lifted its stake in LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after buying an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after acquiring an additional 635 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LYTS. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Oppenheimer assumed coverage on shares of LSI Industries in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Insider Transactions at LSI Industries

In other LSI Industries news, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the completion of the sale, the director directly owned 103,686 shares in the company, valued at $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James E. Galeese sold 136,578 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $3,317,479.62. Following the transaction, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at approximately $4,209,165.52. The trade was a 44.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 256,173 shares of company stock valued at $6,220,368. Company insiders own 7.30% of the company’s stock.

LSI Industries Stock Performance

LYTS stock opened at $24.06 on Thursday. The company has a market capitalization of $883.24 million, a P/E ratio of 32.08 and a beta of 0.56. The company has a 50-day simple moving average of $24.80 and a 200 day simple moving average of $22.72. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.