Acuity Brands (AYI) : Riskx Investments reduced its stake in Acuity Brands by 21.43% during the most recent quarter end. The investment management company now holds a total of 2,969 shares of Acuity Brands which is valued at $785,301 after selling 810 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Acuity Brands makes up approximately 0.67% of Riskx Investments’s portfolio.
Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in AYI in the latest quarter, The investment management firm added 5,312 additional shares and now holds a total of 14,795 shares of Acuity Brands which is valued at $3,913,278. Acuity Brands makes up approx 0.05% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Concert Wealth Management reduced its stake in AYI by selling 104 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 3,043 shares of AYI which is valued at $798,574. Acuity Brands makes up approx 0.11% of Concert Wealth Management’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in AYI during the most recent quarter. The investment firm sold 8 shares of AYI which is valued $2,120.Winslow Evans Crocker reduced its stake in AYI by selling 37 shares or 37.37% in the most recent quarter. The Hedge Fund company now holds 62 shares of AYI which is valued at $16,428. Farmers Merchants Investments Inc added AYI to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $1,339.
Acuity Brands closed down -0.75 points or -0.28% at $263.75 with 1,52,307 shares getting traded on Thursday. Post opening the session at $265, the shares hit an intraday low of $262.25 and an intraday high of $265 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.