26,907 Shares in LSI Industries Inc. (NASDAQ:LYTS) Bought by Townsquare Capital LLC

Townsquare Capital LLC acquired a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 26,907 shares of the construction company's stock, valued at approximately $523,000. Townsquare Capital LLC owned approximately 0.09% of LSI Industries as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LYTS. Raymond James Financial Inc. acquired a new stake in shares of LSI Industries during the 4th quarter worth about $362,000. Invesco Ltd. raised its holdings in LSI Industries by 354.1% in the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock valued at $4,734,000 after acquiring an additional 190,095 shares during the last quarter. Aristides Capital LLC boosted its holdings in shares of LSI Industries by 10.5% during the fourth quarter. Aristides Capital LLC now owns 22,100 shares of the construction company's stock worth $429,000 after purchasing an additional 2,100 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after purchasing an additional 1,888 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in LSI Industries by 44.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,623 shares of the construction company's stock worth $284,000 after buying an additional 4,525 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Trading Down 6.6 %

Shares of LYTS stock traded down $1.05 during mid-day trading on Thursday, reaching $14.76. The company's stock had a trading volume of 344,588 shares, compared to its average volume of 130,019. 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 $441.63 million, a PE ratio of 19.17 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $17.30 and its 200-day simple moving average is $18.60.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LYTS. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday. HC Wainwright upped their price objective on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, 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 report on Friday, January 24th.

LSI Industries Profile

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.