Large Outflow of Money Witnessed in Acuity Brands Inc

Shares of Acuity Brands Inc (NYSE:AYI) advanced to $251.61. The price had gained 0.01% or 0.02 points intraday. The latest trading session witnessed $0.31 million in upticks and $1.65 million in downticks, resulting in net money flow of (-1.35) million. The up/down ratio for the day stood at 0.19. On a weekly scale, the price has seen a change of -1.21%.


Currently the company Insiders own 2.4% of Acuity Brands Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.82% . Institutional Investors own 92.22% of Acuity Brands Inc shares. During last six month period, the net percent change held by insiders has seen a change of -4.1%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Nagel Vernon J, director officer (Chairman, President, and CEO) of Acuity Brands Inc, had unloaded 47,995 shares at an average price of $256.18 in a transaction dated on April 22, 2016. The total value of the transaction was worth $12,295,359.

Acuity Brands Inc (NYSE:AYI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 0.22% at $251.03 with 288,545 shares getting traded. Post opening the session at $249.77, the shares hit an intraday low of $249.1858 and an intraday high of $255.49 and the price was in this range throughout the day. The company has a market cap of $11,002 million and the number of outstanding shares have been calculated to be 43,825,618 shares. The 52-week high of Acuity Brands Inc (NYSE:AYI) is $264 and the 52-week low is $168.33.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Oppenheimer maintains its ratings on Acuity Brands Inc (NYSE:AYI). In the latest research report, Oppenheimer raises the target price from $245 per share to $295 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on April 7, 2016.

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 Companys 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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