California Public Employees Retirement System continued to hold its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,500 shares of the construction company’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in LSI Industries were worth $812,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RK Capital Management LLC boosted its stake in shares of LSI Industries by 33.2% in the first quarter. RK Capital Management LLC now owns 837,519 shares of the construction company’s stock valued at $8,451,000 after buying an additional 208,567 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of LSI Industries by 34.0% in the first quarter. Deprince Race & Zollo Inc. now owns 796,028 shares of the construction company’s stock valued at $8,032,000 after buying an additional 201,830 shares during the last quarter. Northpointe Capital LLC boosted its stake in shares of LSI Industries by 27.9% in the first quarter. Northpointe Capital LLC now owns 554,699 shares of the construction company’s stock valued at $5,597,000 after buying an additional 120,879 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of LSI Industries by 21.2% in the first quarter. North Star Investment Management Corp. now owns 460,631 shares of the construction company’s stock valued at $4,648,000 after buying an additional 80,450 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of LSI Industries by 7.8% in the fourth quarter. State Street Corp now owns 376,725 shares of the construction company’s stock valued at $3,672,000 after buying an additional 27,305 shares during the last quarter. Institutional investors own 76.74% of the company’s stock.

LSI Industries Inc. (LYTS) traded up 1.22% during trading on Wednesday, hitting $5.80. The stock had a trading volume of 3,248 shares. The stock’s 50-day moving average is $8.09 and its 200 day moving average is $9.06. LSI Industries Inc. has a one year low of $5.45 and a one year high of $11.55. The firm has a market cap of $147.31 million, a price-to-earnings ratio of 41.13 and a beta of 1.56.

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Several analysts have issued reports on LYTS shares. Canaccord Genuity restated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a report on Monday, August 7th. Zacks Investment Research cut LSI Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet cut LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Roth Capital cut LSI Industries from a “buy” rating to a “hold” rating and lowered their price target for the stock from $13.00 to $7.00 in a report on Friday, August 4th.

About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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