137,916 LightPath Technologies, Inc. $LPTH Shares Sold by Calamos Advisors LLC

by · The Markets Daily

Calamos Advisors LLC lowered its position in shares of LightPath Technologies, Inc. (NASDAQ:LPTH – Free Report) by 89.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,826 shares of the technology company’s stock after selling 137,916 shares during the quarter. Calamos Advisors LLC’s holdings in LightPath Technologies were worth $173,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. AWM Investment Company Inc. bought a new stake in shares of LightPath Technologies during the 2nd quarter worth $41,488,000. Tema ETFs LLC lifted its holdings in shares of LightPath Technologies by 129,258.4% during the second quarter. Tema ETFs LLC now owns 1,986,945 shares of the technology company’s stock valued at $32,487,000 after purchasing an additional 1,985,409 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of LightPath Technologies by 10,315.1% during the second quarter. Tidal Investments LLC now owns 1,952,629 shares of the technology company’s stock valued at $31,925,000 after purchasing an additional 1,933,881 shares during the last quarter. Granahan Investment Management LLC boosted its position in shares of LightPath Technologies by 14.9% in the 1st quarter. Granahan Investment Management LLC now owns 753,621 shares of the technology company’s stock valued at $7,559,000 after purchasing an additional 97,601 shares during the period. Finally, Bank of America Corp DE raised its holdings in LightPath Technologies by 118.2% during the 1st quarter. Bank of America Corp DE now owns 556,037 shares of the technology company’s stock worth $5,577,000 after buying an additional 301,225 shares during the period. Institutional investors and hedge funds own 56.29% of the company’s stock.

LightPath Technologies Trading Down 0.2%

LPTH opened at $7.99 on Wednesday. LightPath Technologies, Inc. has a 1-year low of $5.83 and a 1-year high of $18.94. The firm has a 50-day moving average price of $9.01 and a two-hundred day moving average price of $11.73. The stock has a market capitalization of $560.02 million, a PE ratio of -19.97 and a beta of 1.53.

LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings results on Tuesday, November 10th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. LightPath Technologies had a negative return on equity of 7.02% and a negative net margin of 28.65%. The business had revenue of $20.76 million for the quarter, compared to analysts’ expectations of $21.93 million. On average, research analysts predict that LightPath Technologies, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LPTH shares. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, October 15th. Canaccord Genuity Group reduced their price target on shares of LightPath Technologies from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. Finally, Piper Sandler decreased their price objective on shares of LightPath Technologies from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.70.

View Our Latest Research Report on LightPath Technologies

About LightPath Technologies

(Free Report)

LightPath Technologies, Inc. is a photonics and optics manufacturer that develops, manufactures, and distributes precision optical components, assemblies, and imaging systems. The company’s products are designed for applications that require the control, transmission, or detection of light across visible, near-infrared, and infrared wavelengths. Its product portfolio includes precision-molded glass aspheric lenses, infrared optics, coated optical components, custom optical assemblies, and thermal imaging solutions.

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