AMH Equity Ltd Sells 111,108 Shares of LightPath Technologies, Inc. (NASDAQ:LPTH)

AMH Equity Ltd lessened its stake in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,840,000 shares of the technology company's stock after selling 111,108 shares during the quarter. LightPath Technologies makes up approximately 9.9% of AMH Equity Ltd's holdings, making the stock its biggest holding. AMH Equity Ltd owned about 7.16% of LightPath Technologies worth $10,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies during the fourth quarter worth approximately $87,000. Legato Capital Management LLC bought a new position in shares of LightPath Technologies during the 4th quarter worth about $83,000. Crewe Advisors LLC bought a new position in shares of LightPath Technologies during the 4th quarter worth about $28,000. Wealth Effects LLC bought a new stake in LightPath Technologies in the fourth quarter valued at about $164,000. Finally, Murphy Pohlad Asset Management LLC grew its stake in LightPath Technologies by 22.3% during the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock worth $95,000 after buying an additional 12,600 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LPTH shares. StockNews.com downgraded shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th. Lake Street Capital raised their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a research note on Friday, December 27th. LADENBURG THALM/SH SH lifted their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Finally, HC Wainwright reaffirmed a "buy" rating and set a $5.00 price target on shares of LightPath Technologies in a report on Thursday.

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LightPath Technologies Stock Performance

NASDAQ LPTH traded up $0.05 during trading on Friday, hitting $2.28. 119,965 shares of the company's stock traded hands, compared to its average volume of 403,427. LightPath Technologies, Inc. has a 12-month low of $1.04 and a 12-month high of $4.42. The stock has a market capitalization of $91.57 million, a price-to-earnings ratio of -9.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. The business has a 50 day moving average of $3.13 and a 200-day moving average of $2.10.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. The business had revenue of $7.43 million for the quarter, compared to the consensus estimate of $8.28 million. As a group, equities research analysts anticipate that LightPath Technologies, Inc. will post -0.18 earnings per share for the current fiscal year.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.