Magee Thomson Investment Partners Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Magee Thomson Investment Partners reduced its stake in Acuity Brands by 17.13% during the most recent quarter end. The investment management company now holds a total of 65,290 shares of Acuity Brands which is valued at $16,716,199 after selling 13,500 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Acuity Brands makes up approximately 5.10% of Magee Thomson Investment Partners’s portfolio.

Acuity Brands opened for trading at $254.84 and hit $257.37 on the upside on Friday, eventually ending the session at $256.03, with a gain of 0.17% or 0.43 points. The heightened volatility saw the trading volume jump to 3,83,530 shares. Company has a market cap of $11,221 M.

Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in AYI by selling 29 shares or 22.66% in the most recent quarter. The Hedge Fund company now holds 99 shares of AYI which is valued at $25,347. Acuity Brands makes up approx 0.01% of Winslow Evans Crocker’s portfolio.1st Global Advisors boosted its stake in AYI in the latest quarter, The investment management firm added 94 additional shares and now holds a total of 2,369 shares of Acuity Brands which is valued at $608,099. Acuity Brands makes up approx 0.09% of 1st Global Advisors’s portfolio.Independent Portfolio Consultants boosted its stake in AYI in the latest quarter, The investment management firm added 1,165 additional shares and now holds a total of 4,250 shares of Acuity Brands which is valued at $1,090,933. Acuity Brands makes up approx 0.30% of Independent Portfolio 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.Eagle Asset Management Inc reduced its stake in AYI by selling 82,095 shares or 15.79% in the most recent quarter. The Hedge Fund company now holds 437,761 shares of AYI which is valued at $108,639,147. Acuity Brands makes up approx 0.76% of Eagle Asset Management Inc’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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