Alliancebernstein L.P. Purchases 17,050 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Alliancebernstein L.P. increased its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 168.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,160 shares of the construction company's stock after purchasing an additional 17,050 shares during the period. Alliancebernstein L.P. owned approximately 0.09% of LSI Industries worth $527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company's stock valued at $1,127,000 after acquiring an additional 37,660 shares during the period. Bleakley Financial Group LLC boosted its holdings in LSI Industries by 228.8% in the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock valued at $672,000 after purchasing an additional 24,096 shares during the period. Proficio Capital Partners LLC acquired a new stake in LSI Industries in the 4th quarter worth $317,000. SG Americas Securities LLC grew its position in LSI Industries by 24.1% in the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock worth $274,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock worth $910,000 after purchasing an additional 1,876 shares during the period. Institutional investors own 73.91% of the company's stock.

LSI Industries Price Performance

Shares of NASDAQ:LYTS traded up $0.20 during midday trading on Wednesday, reaching $15.81. 266,883 shares of the company's stock were exchanged, compared to its average volume of 128,856. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company's 50 day simple moving average is $17.40 and its two-hundred day simple moving average is $18.62. LSI Industries Inc. has a 12 month low of $13.63 and a 12 month high of $25.50. The firm has a market capitalization of $473.05 million, a PE ratio of 20.53 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Equities research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LYTS. HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Canaccord Genuity Group raised their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.