LSI Industries, Inc. (LYTS) Position Lifted by Connor Clark & Lunn Investment Management Ltd.

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Connor Clark & Lunn Investment Management Ltd. boosted its position in LSI Industries, Inc. (NASDAQ:LYTS) by 19.2% during the fourth quarter, Holdings Channel reports. The fund owned 58,371 shares of the construction company’s stock after buying an additional 9,400 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in LSI Industries were worth $185,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LYTS. BlackRock Inc. increased its stake in 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 acquiring an additional 202,813 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 103,334 shares during the last quarter. Bank of America Corp DE increased its stake in LSI Industries by 2,095.0% in the second quarter. Bank of America Corp DE now owns 97,656 shares of the construction company’s stock valued at $521,000 after acquiring an additional 93,207 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 70,628 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new position in LSI Industries in the fourth quarter valued at approximately $214,000. 65.94% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John K. Morgan bought 10,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were purchased at an average price of $3.27 per share, for a total transaction of $32,700.00. Following the completion of the transaction, the director now directly owns 35,880 shares of the company’s stock, valued at approximately $117,327.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.86% of the company’s stock.

Shares of NASDAQ:LYTS opened at $2.72 on Friday. The company has a market capitalization of $71.71 million, a P/E ratio of 19.79, a PEG ratio of 0.55 and a beta of 1.62. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.39. LSI Industries, Inc. has a 1 year low of $2.68 and a 1 year high of $8.33.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Wednesday, January 23rd. The construction company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). LSI Industries had a negative net margin of 4.89% and a positive return on equity of 2.78%. The company had revenue of $89.54 million during the quarter, compared to analyst estimates of $92.00 million. As a group, equities analysts predict that LSI Industries, Inc. will post 0.2 EPS for the current fiscal year.

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

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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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