AMH Equity Ltd Sells 200,046 Shares of LightPath Technologies, Inc. $LPTH

AMH Equity Ltd reduced its position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,079,293 shares of the technology company’s stock after selling 200,046 shares during the period. LightPath Technologies makes up about 8.4% of AMH Equity Ltd’s investment portfolio, making the stock its 2nd largest position. AMH Equity Ltd owned approximately 4.68% of LightPath Technologies worth $6,404,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Wealth Effects LLC boosted its position in shares of LightPath Technologies by 5.8% during the 2nd quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock valued at $419,000 after purchasing an additional 7,500 shares in the last quarter. Jane Street Group LLC boosted its position in shares of LightPath Technologies by 92.1% during the 1st quarter. Jane Street Group LLC now owns 60,612 shares of the technology company’s stock valued at $122,000 after purchasing an additional 29,054 shares in the last quarter. Ironwood Investment Counsel LLC boosted its position in shares of LightPath Technologies by 14.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company’s stock valued at $65,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of LightPath Technologies by 4.7% during the 1st quarter. Royce & Associates LP now owns 1,294,578 shares of the technology company’s stock valued at $2,602,000 after purchasing an additional 58,194 shares in the last quarter. Institutional investors own 56.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HC Wainwright raised their price objective on shares of LightPath Technologies from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Lake Street Capital raised their price objective on shares of LightPath Technologies from $4.00 to $7.50 and gave the company a “buy” rating in a research report on Friday, September 26th. Zacks Research upgraded shares of LightPath Technologies to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightPath Technologies in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

LightPath Technologies Stock Performance

Shares of LPTH opened at $8.28 on Friday. LightPath Technologies, Inc. has a one year low of $1.40 and a one year high of $10.69. The company has a 50-day moving average of $7.07 and a two-hundred day moving average of $4.34. The stock has a market cap of $369.87 million, a price-to-earnings ratio of -23.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 0.91.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, September 25th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). LightPath Technologies had a negative return on equity of 53.40% and a negative net margin of 39.92%.The business had revenue of $12.21 million for the quarter, compared to analyst estimates of $12.20 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, equities research analysts expect 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.