Does Acuity Brands Incorporated (NYSE:AYI) Have Gas After Even More Sellers Involved?

December 7, 2017 - By Nellie Frank

 Does Acuity Brands Incorporated (NYSE:AYI) Have Gas After Even More Sellers Involved?

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.06, from 0.91 in 2017Q1. It turned negative, as 61 investors sold Acuity Brands, Inc. shares while 138 reduced holdings. 48 funds opened positions while 121 raised stakes. 44.26 million shares or 0.54% more from 44.02 million shares in 2017Q1 were reported.
Teachers Retirement Of The State Of Kentucky holds 5,350 shares or 0.01% of its portfolio. Ubs Asset Management Americas Inc holds 0% or 126,874 shares. Sumitomo Mitsui Tru, a Japan-based fund reported 150,641 shares. Moreover, Sumitomo Mitsui Asset Mgmt Company Ltd has 0.01% invested in Acuity Brands, Inc. (NYSE:AYI). Moreover, Rosenblum Silverman Sutton S F Ca has 1.19% invested in Acuity Brands, Inc. (NYSE:AYI). Stephens Mgmt Grp Limited Liability Corporation holds 0.46% or 94,221 shares. Jane Street Gru holds 0.01% or 11,085 shares in its portfolio. Westpac Bk Corp has invested 0% in Acuity Brands, Inc. (NYSE:AYI). Paloma Partners Management Communication, a Connecticut-based fund reported 22,710 shares. Manufacturers Life Ins Com The holds 51,934 shares. Jacobson & Schmitt Advsrs Limited Company stated it has 12,667 shares or 1.74% of all its holdings. Etrade Cap Management, New York-based fund reported 985 shares. The Minnesota-based Riverbridge Lc has invested 1.31% in Acuity Brands, Inc. (NYSE:AYI). Massachusetts Svcs Com Ma stated it has 23,956 shares or 0% of all its holdings. 4.26 million were reported by Blackrock Inc.

The stock of Acuity Brands Incorporated (NYSE:AYI) registered an increase of 5.65% in short interest. AYI’s total short interest was 5.60M shares in December as published by FINRA. Its up 5.65% from 5.30M shares, reported previously. With 689,300 shares average volume, it will take short sellers 8 days to cover their AYI’s short positions.

The stock increased 0.79% or $1.3 during the last trading session, reaching $165.35. About 610,230 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since December 7, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $6.90 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 22.25 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 20 analysts covering Acuity Brands Inc. (NYSE:AYI), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Acuity Brands Inc. had 51 analyst reports since August 21, 2015 according to SRatingsIntel. The firm earned “Mkt Underperform” rating on Thursday, December 8 by JMP Securities. The firm has “Buy” rating given on Wednesday, October 4 by Cowen & Co. CLSA downgraded the stock to “Outperform” rating in Thursday, April 7 report. Wells Fargo downgraded the shares of AYI in report on Friday, September 15 to “Hold” rating. Wells Fargo upgraded the stock to “Outperform” rating in Monday, October 31 report. As per Tuesday, June 27, the company rating was maintained by Roth Capital. On Friday, January 27 the stock rating was downgraded by TH Capital to “Sell”. The rating was maintained by Oppenheimer on Monday, July 17 with “Buy”. The firm earned “Buy” rating on Friday, September 23 by Canaccord Genuity. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Buy” rating given on Monday, January 11 by Canaccord Genuity.

More recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Streetinsider.com which released: “Acuity Brands (AYI) Mentioned Cautiously by Short-Focused Research Firm” on December 06, 2017. Also Reuters.com published the news titled: “BRIEF-Acuity Brands CEO Vernon Nagel’s 2017 total compensation was $7.7 million” on November 21, 2017. Prnewswire.com‘s news article titled: “Technical Perspectives on MicroVision, Silicon Motion Technology, Amphenol …” with publication date: December 07, 2017 was also an interesting one.

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