Lorem Ipsum Management Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Lorem Ipsum Management reduced its stake in Acuity Brands by 60.0% during the most recent quarter end. The investment management company now holds a total of 6,000 shares of Acuity Brands which is valued at $1,644,480 after selling 9,000 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Acuity Brands makes up approximately 6.58% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. added AYI to its portfolio by purchasing 656 company shares during the most recent quarter which is valued at $179,796. Acuity Brands makes up approx 0.03% of Mizuho Asset Managementltd.’s portfolio.Autus Asset Management reduced its stake in AYI by selling 392 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 4,758 shares of AYI which is valued at $1,309,116. Acuity Brands makes up approx 0.29% of Autus Asset Management’s portfolio.California Public Employees Retirement System reduced its stake in AYI by selling 5,900 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 131,550 shares of AYI which is valued at $34,794,975. Acuity Brands makes up approx 0.05% of California Public Employees Retirement System’s portfolio.Capital Fund Management S.a. boosted its stake in AYI in the latest quarter, The investment management firm added 45,185 additional shares and now holds a total of 63,423 shares of Acuity Brands which is valued at $16,585,749. Acuity Brands makes up approx 0.28% of Capital Fund Management S.a.’s portfolio. Weaver C. Barksdale Associates sold out all of its stake in AYI during the most recent quarter. The investment firm sold 71 shares of AYI which is valued $18,542.

Acuity Brands closed down -0.23 points or -0.08% at $277.56 with 1,68,498 shares getting traded on Friday. Post opening the session at $276.72, the shares hit an intraday low of $275.02 and an intraday high of $279.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Acuity Brands reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $2.03. The company had revenue of $851.50 million for the quarter, compared to analysts expectations of $847.59 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Acuity Brands Inc. (Acuity Brands) is the parent company of Acuity Brands Lighting Inc. (ABL) and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial institutional industrial infrastructure and residential applications throughout North America and select international markets. The Company’s lighting solutions include devices such as luminaires lighting controls power supplies prismatic skylights light-emitting diode (LED) lamps and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources including daylight and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13 2013 the Company acquired eldoLED Europe BV.

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