Systematic Financial Management LP Has $46.56 Million Holdings in LSI Industries Inc. $LYTS

Systematic Financial Management LP trimmed its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,503,148 shares of the construction company’s stock after selling 50,805 shares during the quarter. LSI Industries accounts for 1.1% of Systematic Financial Management LP’s portfolio, making the stock its 21st largest holding. Systematic Financial Management LP owned approximately 0.07% of LSI Industries worth $46,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC raised its stake in LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock valued at $292,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC acquired a new stake in LSI Industries in the 1st quarter worth $560,000. Strs Ohio bought a new position in shares of LSI Industries during the 1st quarter worth about $34,000. Finally, Quantbot Technologies LP increased its holdings in shares of LSI Industries by 133.3% during the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,206 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Trading Down 1.7%

Shares of LSI Industries stock opened at $23.42 on Friday. LSI Industries Inc. has a 52-week low of $17.20 and a 52-week high of $27.36. The firm has a market capitalization of $859.75 million, a PE ratio of 31.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The company’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $22.20.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The business had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. On average, analysts expect that LSI Industries Inc. will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of LSI Industries in a research report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price objective for the company. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.75.

Insider Activity at LSI Industries

In related news, CFO James E. Galeese sold 136,578 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,209,165.52. This represents a 44.08% 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, Director Wilfred T. Ogara sold 10,369 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the completion of the transaction, the director directly owned 103,686 shares of the company’s stock, valued at $2,497,795.74. This trade represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 over the last quarter. 7.30% of the stock is owned by company insiders.

LSI Industries 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.