Acuity Brands Incorporated (NYSE:AYI)’s Stock Is Sell After More Market Selling

December 7, 2017 - By Clifton Ray

 Acuity Brands Incorporated (NYSE:AYI)'s Stock Is Sell After More Market Selling

Investors sentiment decreased to 0.85 in 2017 Q2. Its down 0.06, from 0.91 in 2017Q1. It turned 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.
Qs Investors Lc, a New York-based fund reported 588 shares. Holland Capital Limited Liability Company stated it has 1.32% in Acuity Brands, Inc. (NYSE:AYI). Kentucky Retirement Systems accumulated 2,827 shares or 0.04% of the stock. The Georgia-based Synovus Fincl has invested 0.02% in Acuity Brands, Inc. (NYSE:AYI). Ubs Asset Mngmt Americas Inc holds 0% or 126,874 shares. 40,872 are held by Cap Advisers Llc. Td Asset Mgmt holds 0.01% or 39,390 shares. Parametric Assocs Limited Liability Company holds 0.05% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 215,728 shares. Capstone Asset Co has invested 0.03% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Gemmer Asset Llc, a California-based fund reported 23 shares. Trillium Asset Management Ltd Co holds 0.87% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 72,021 shares. Shell Asset stated it has 0.02% in Acuity Brands, Inc. (NYSE:AYI). 5,990 were accumulated by Nippon Life Glob Investors Americas Inc. Alps Advisors holds 0% or 2,327 shares in its portfolio. Cue Gp holds 0.75% or 5,143 shares in its portfolio.

The stock of Acuity Brands Incorporated (NYSE:AYI) registered an increase of 5.65% in short interest. AYI’s total short interest was 5.60M shares in December as published by FINRA. Its up 5.65% from 5.30 million 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. The stock has “Buy” rating by Cowen & Co on Friday, September 1. The stock has “Buy” rating by Oppenheimer on Thursday, June 29. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Overweight” rating given on Saturday, August 22 by Piper Jaffray. As per Friday, September 22, the company rating was maintained by Cowen & Co. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Seaport Global on Friday, November 4. The rating was downgraded by Robert W. Baird on Tuesday, December 20 to “Neutral”. The stock has “Buy” rating by Stifel Nicolaus on Monday, January 11. The firm has “Buy” rating by Oppenheimer given on Monday, July 17. The firm has “Market Perform” rating given on Tuesday, October 3 by JMP Securities. The company was upgraded on Tuesday, January 10 by Robert W. Baird.

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

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