Advisory Services Network buys $1,544,629 stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Advisory Services Network scooped up 6,028 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 6,033 shares of Acuity Brands which is valued at $1,544,629.Acuity Brands makes up approximately 0.42% of Advisory Services Network’s portfolio.

Acuity Brands closed down -1.81 points or -0.71% at $254.67 with 6,48,594 shares getting traded on Wednesday. Post opening the session at $256.21, the shares hit an intraday low of $253.85 and an intraday high of $257.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in AYI during the most recent quarter. The investment firm sold 142,206 shares of AYI which is valued $36,409,002. Integrated Investment Consultants added AYI to its portfolio by purchasing 360 company shares during the most recent quarter which is valued at $92,408. Acuity Brands makes up approx 0.05% of Integrated Investment Consultants’s portfolio.Creative Planning boosted its stake in AYI in the latest quarter, The investment management firm added 829 additional shares and now holds a total of 3,718 shares of Acuity Brands which is valued at $922,696. Acuity Brands makes up approx 0.01% of Creative Planning’s portfolio.Foundry Partners reduced its stake in AYI by selling 1,731 shares or 17.41% in the most recent quarter. The Hedge Fund company now holds 8,211 shares of AYI which is valued at $2,037,724. Acuity Brands makes up approx 0.20% of Foundry Partners’s portfolio.

On the company’s financial health, Acuity Brands reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $1.57. The company had revenue of $777.80 million for the quarter, compared to analysts expectations of $752.75 million. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Acuity Brands. Acuity Brands was Downgraded by Credit Agricole to ” Outperform” on Apr 7, 2016. Company shares were Reiterated by Canaccord Genuity on Apr 7, 2016 to “Buy”, Firm has raised the Price Target to $ 269 from a previous price target of $247 .Shares were Reiterated by Canaccord Genuity on Apr 4, 2016 to “Buy” and Lowered the Price Target to $ 247 from a previous price target of $265 .

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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