Acuity Brands Incorporated (NYSE:AYI) Just Reported Increased Shorts

December 7, 2017 - By Marie Mckinney

 Acuity Brands Incorporated (NYSE:AYI) Just Reported Increased Shorts

Investors sentiment decreased to 0.85 in Q2 2017. Its down 0.06, from 0.91 in 2017Q1. It is negative, as 61 investors sold Acuity Brands, Inc. shares while 138 reduced holdings. 48 funds opened positions while 121 raised stakes. 44.26 million shares or 0.54% more from 44.02 million shares in 2017Q1 were reported.
Alyeska Investment Group Incorporated L P reported 660,048 shares. Ariel Invests Limited Liability holds 0.02% in Acuity Brands, Inc. (NYSE:AYI) or 8,486 shares. Pictet Asset Management stated it has 170,230 shares or 0.09% of all its holdings. Mountain Pacific Investment Advisers Inc Id accumulated 0.11% or 4,790 shares. Guardian Life Of America accumulated 99 shares or 0% of the stock. Amalgamated Bank owns 0.03% invested in Acuity Brands, Inc. (NYSE:AYI) for 5,082 shares. Natixis Asset Mgmt reported 73,043 shares. Cim Investment Mangement stated it has 0.46% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Amp Investors Ltd has 0.02% invested in Acuity Brands, Inc. (NYSE:AYI) for 13,310 shares. Advantus Capital Management accumulated 4,530 shares or 0.02% of the stock. Generation Invest Management Limited Liability Partnership invested in 3.37M shares. Pinnacle Financial Prtnrs Inc invested in 108 shares. Capstone Asset Mgmt Co owns 5,605 shares. Schwab Charles Investment has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI). Moreover, Davis R M has 1.25% invested in Acuity Brands, Inc. (NYSE:AYI) for 145,070 shares.

The stock of Acuity Brands Incorporated (NYSE:AYI) registered an increase of 5.65% in short interest. AYI’s total short interest was 5.60 million shares in December as published by FINRA. Its up 5.65% from 5.30M shares, reported previously. With 689,300 shares average volume, it will take short sellers 8 days to cover their AYI’s short positions.

The stock increased 0.79% or $1.3 during the last trading session, reaching $165.35. About 610,230 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since December 7, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $6.90 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 22.25 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 20 analysts covering Acuity Brands Inc. (NYSE:AYI), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Acuity Brands Inc. had 51 analyst reports since August 21, 2015 according to SRatingsIntel. Canaccord Genuity maintained Acuity Brands, Inc. (NYSE:AYI) rating on Sunday, June 25. Canaccord Genuity has “Buy” rating and $20900 target. As per Tuesday, January 10, the company rating was upgraded by CLSA. The rating was downgraded by Robert W. Baird to “Neutral” on Tuesday, September 19. The rating was maintained by Piper Jaffray with “Overweight” on Monday, November 23. The firm earned “Buy” rating on Wednesday, April 5 by Canaccord Genuity. The rating was maintained by Oppenheimer on Thursday, April 7 with “Outperform”. The firm has “Buy” rating by Canaccord Genuity given on Friday, September 23. JMP Securities initiated Acuity Brands, Inc. (NYSE:AYI) on Thursday, December 8 with “Mkt Underperform” rating. The firm has “Sell” rating by Roth Capital given on Tuesday, June 27. The firm has “Neutral” rating given on Thursday, August 25 by TH Capital.

More recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Prnewswire.com which released: “Technical Perspectives on MicroVision, Silicon Motion Technology, Amphenol …” on December 07, 2017. Also Reuters.com published the news titled: “BRIEF-Acuity Brands CEO Vernon Nagel’s 2017 total compensation was $7.7 million” on November 21, 2017. Streetinsider.com‘s news article titled: “Acuity Brands (AYI) Mentioned Cautiously by Short-Focused Research Firm” with publication date: December 06, 2017 was also an interesting one.

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