Annex Advisory Services LLC boosted its holdings in LSI Industries Inc. (NASDAQ:LYTS – Free Report) by 11.3% in the second quarter, Holdings Channel reports. The institutional investor owned 80,301 shares of the construction company’s stock after buying an additional 8,136 shares during the period. Annex Advisory Services LLC’s holdings in LSI Industries were worth $1,162,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in LYTS. New York State Teachers Retirement System acquired a new position in LSI Industries during the 4th quarter worth about $35,000. SG Americas Securities LLC bought a new position in shares of LSI Industries during the fourth quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of LSI Industries in the fourth quarter worth approximately $145,000. Cornerstone Investment Partners LLC bought a new stake in LSI Industries in the first quarter valued at approximately $167,000. Finally, Principal Financial Group Inc. acquired a new stake in LSI Industries during the 1st quarter valued at approximately $203,000. Institutional investors own 73.91% of the company’s stock.
Insider Buying and Selling at LSI Industries
In other news, CFO James E. Galeese sold 2,122 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $15.10, for a total transaction of $32,042.20. Following the transaction, the chief financial officer now owns 104,050 shares of the company’s stock, valued at approximately $1,571,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.30% of the company’s stock.
LSI Industries Trading Down 1.3 %
Analysts Set New Price Targets
LYTS has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. HC Wainwright reissued a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research report on Monday, April 22nd.
Read Our Latest Stock Analysis on LYTS
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.
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