LightPath Technologies, Inc. (NASDAQ:LPTH) Shares Sold by AMH Equity Ltd

AMH Equity Ltd decreased its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,840,000 shares of the technology company’s stock after selling 111,108 shares during the period. LightPath Technologies comprises approximately 9.9% of AMH Equity Ltd’s investment portfolio, making the stock its largest holding. AMH Equity Ltd owned approximately 7.16% of LightPath Technologies worth $10,025,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in LightPath Technologies during the 4th quarter worth approximately $28,000. Legato Capital Management LLC acquired a new stake in shares of LightPath Technologies in the fourth quarter worth approximately $83,000. J.W. Cole Advisors Inc. purchased a new stake in shares of LightPath Technologies during the fourth quarter worth approximately $87,000. Murphy Pohlad Asset Management LLC raised its stake in LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Wealth Effects LLC purchased a new position in LightPath Technologies in the 4th quarter valued at $164,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Ratings Changes

LPTH has been the subject of a number of research reports. Lake Street Capital upped their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Friday, December 27th. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price objective on shares of LightPath Technologies in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com cut LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th.

LightPath Technologies Stock Down 3.5 %

NASDAQ LPTH opened at $2.32 on Thursday. The business’s fifty day simple moving average is $3.15 and its 200-day simple moving average is $2.09. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The firm has a market cap of $92.97 million, a PE ratio of -9.65 and a beta of 1.01. LightPath Technologies, Inc. has a 52 week low of $1.04 and a 52 week high of $4.42.

LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The firm had revenue of $7.43 million for the quarter, compared to analysts’ expectations of $8.28 million. As a group, equities analysts anticipate that LightPath Technologies, Inc. will post -0.18 earnings per share for the current year.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.