Goldman Sachs Group Inc. lowered its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,037 shares of the construction company’s stock after selling 5,119 shares during the period. Goldman Sachs Group Inc.’s holdings in LSI Industries were worth $1,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LYTS. American International Group Inc. increased its position in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after buying an additional 2,645 shares during the last quarter. UBS Group AG increased its position in shares of LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares during the last quarter. TFS Capital LLC acquired a new position in shares of LSI Industries during the first quarter worth about $204,000. Finally, Russell Investments Group Ltd. increased its position in shares of LSI Industries by 232.8% in the first quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock worth $219,000 after buying an additional 15,130 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Inc. (NASDAQ LYTS) traded down 2.85% on Friday, reaching $5.45. The company’s stock had a trading volume of 33,054 shares. The company has a market capitalization of $138.42 million, a price-to-earnings ratio of 38.65 and a beta of 1.56. The firm’s 50 day moving average price is $8.35 and its 200-day moving average price is $9.15. LSI Industries Inc. has a 1-year low of $5.45 and a 1-year high of $11.55.

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A number of research analysts have recently issued reports on LYTS shares. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of LSI Industries in a report on Monday. Roth Capital downgraded LSI Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $7.00 in a report on Friday, August 4th. Finally, Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.

LSI Industries Company Profile

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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