Victory Capital Management Inc Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Victory Capital Management Inc reduced its stake in Acuity Brands by 8.21% during the most recent quarter end. The investment management company now holds a total of 516,084 shares of Acuity Brands which is valued at $141,995,352 after selling 46,182 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Acuity Brands makes up approximately 0.56% of Victory Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in AYI in the latest quarter, The investment management firm added 9,072 additional shares and now holds a total of 101,257 shares of Acuity Brands which is valued at $27,859,851. Acuity Brands makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio.Autus Asset Management reduced its stake in AYI by selling 392 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 4,758 shares of AYI which is valued at $1,309,116. Acuity Brands makes up approx 0.29% of Autus Asset Management’s portfolio. Gratus Capital added AYI to its portfolio by purchasing 6,283 company shares during the most recent quarter which is valued at $1,661,854. Acuity Brands makes up approx 0.24% of Gratus Capital’s portfolio.Winslow Evans Crocker reduced its stake in AYI by selling 37 shares or 37.37% in the most recent quarter. The Hedge Fund company now holds 62 shares of AYI which is valued at $16,428.Cim boosted its stake in AYI in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 3,014 shares of Acuity Brands which is valued at $794,762. Acuity Brands makes up approx 0.39% of Cim’s portfolio.

Acuity Brands closed down -0.38 points or -0.14% at $275.28 with 2,13,728 shares getting traded on Wednesday. Post opening the session at $275.91, the shares hit an intraday low of $271.8507 and an intraday high of $275.91 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Acuity Brands reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $2.03. The company had revenue of $851.50 million for the quarter, compared to analysts expectations of $847.59 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

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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