Lathrop Investment Management Corp Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Lathrop Investment Management Corp reduced its stake in Acuity Brands by 0.98% during the most recent quarter end. The investment management company now holds a total of 69,040 shares of Acuity Brands which is valued at $18,205,158 after selling 681 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Acuity Brands makes up approximately 5.44% of Lathrop Investment Management Corp’s portfolio.

Other Hedge Funds, Including , First Manhattan Co reduced its stake in AYI by selling 103 shares or 24.76% in the most recent quarter. The Hedge Fund company now holds 313 shares of AYI which is valued at $82,535.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in AYI in the latest quarter, The investment management firm added 3,628 additional shares and now holds a total of 3,933 shares of Acuity Brands which is valued at $1,027,142. Acuity Brands makes up approx 0.02% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio. Daiwa Sb Investments Ltd. added AYI to its portfolio by purchasing 3,430 company shares during the most recent quarter which is valued at $907,647. Acuity Brands makes up approx 0.26% of Daiwa Sb Investments Ltd.’s portfolio.Raymond James Trust N.a. boosted its stake in AYI in the latest quarter, The investment management firm added 357 additional shares and now holds a total of 1,849 shares of Acuity Brands which is valued at $489,282. Acuity Brands makes up approx 0.04% of Raymond James Trust N.a.’s portfolio. Washington Trust Bank added AYI to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $5,292.

Acuity Brands closed down -1.73 points or -0.65% at $263.69 with 2,42,944 shares getting traded on Monday. Post opening the session at $266.13, the shares hit an intraday low of $263.53 and an intraday high of $266.5999 and the price fluctuated in this range throughout the day.Shares ended Monday 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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