Archon Capital Management LLC Cuts Stock Holdings in LightPath Technologies, Inc. (NASDAQ:LPTH)

Archon Capital Management LLC decreased its holdings in LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,433,855 shares of the technology company's stock after selling 234,658 shares during the quarter. LightPath Technologies makes up 4.9% of Archon Capital Management LLC's portfolio, making the stock its 3rd biggest position. Archon Capital Management LLC owned 3.61% of LightPath Technologies worth $5,062,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LPTH. Crewe Advisors LLC acquired a new position in LightPath Technologies during the 4th quarter valued at about $28,000. Legato Capital Management LLC bought a new stake in LightPath Technologies during the 4th quarter valued at $83,000. J.W. Cole Advisors Inc. acquired a new position in shares of LightPath Technologies during the fourth quarter valued at $87,000. Wealth Effects LLC bought a new stake in shares of LightPath Technologies during the fourth quarter valued at about $164,000. Finally, Essex Investment Management Co. LLC acquired a new position in LightPath Technologies during the 4th quarter valued at about $338,000. 56.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on LPTH. StockNews.com lowered shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, January 4th. LADENBURG THALM/SH SH upped their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. HC Wainwright reissued a "buy" rating and set a $5.00 price objective on shares of LightPath Technologies in a research note on Thursday, February 27th. Finally, Lake Street Capital upped their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a report on Friday, December 27th.

LightPath Technologies Trading Down 1.7 %

NASDAQ LPTH traded down $0.04 on Thursday, hitting $2.04. 26,980 shares of the stock were exchanged, compared to its average volume of 159,111. The company's 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.27. The company has a market capitalization of $81.73 million, a price-to-earnings ratio of -8.48 and a beta of 1.75. LightPath Technologies, Inc. has a 52-week low of $1.04 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.43 million for the quarter, compared to analysts' expectations of $8.28 million. Research analysts predict that LightPath Technologies, Inc. will post -0.18 EPS for the current year.

LightPath Technologies Company Profile

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.