Cim buys $839,548 stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Cim scooped up 371 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 3,385 shares of Acuity Brands which is valued at $839,548.Acuity Brands makes up approximately 0.40% of Cim’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in AYI in the latest quarter, The investment management firm added 3,229 additional shares and now holds a total of 37,902 shares of Acuity Brands which is valued at $9,400,454. Acuity Brands makes up approx 0.08% of National Pension Service’s portfolio.Eagle Asset Management Inc reduced its stake in AYI by selling 2,451 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 364,825 shares of AYI which is valued at $87,590,834. Acuity Brands makes up approx 0.60% of Eagle Asset Management Inc’s portfolio. Atria Investments added AYI to its portfolio by purchasing 847 company shares during the most recent quarter which is valued at $203,356. Acuity Brands makes up approx 0.02% of Atria Investments’s portfolio.

Acuity Brands opened for trading at $246.58 and hit $250.85 on the upside on Friday, eventually ending the session at $248.02, with a gain of 1.41% or 3.44 points. The heightened volatility saw the trading volume jump to 5,40,999 shares. Company has a market cap of $10,885 M.

On the company’s financial health, Acuity Brands reported $2.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 5, 2016. Analyst had a consensus of $2.39. The company had revenue of $925.50 million for the quarter, compared to analysts expectations of $946.53 million. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.

Many Wall Street Analysts have commented on Acuity Brands. Williams Capital Group Initiated Acuity Brands on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $306.ROTH Capital Initiated Acuity Brands on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $275.

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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