Short Interest Runner: Can Acuity Brands Incorporated (NYSE:AYI)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 25, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Runner: Can Acuity Brands Incorporated (NYSE:AYI)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Acuity Brands Incorporated (NYSE:AYI) registered an increase of 3.81% in short interest. AYI’s total short interest was 2.12 million shares in November as published by FINRA. Its up 3.81% from 2.04M shares, reported previously. With 472,600 shares average volume, it will take short sellers 5 days to cover their AYI’s short positions. The short interest to Acuity Brands Incorporated’s float is 4.9%. The stock closed at $254.78 during the last session. It is down 0.49% since April 22, 2016 and is downtrending. It has underperformed by 5.90% the S&P500.

Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The company has a market cap of $11.28 billion. The Firm operates through North American segment. It has a 38.44 P/E ratio. The Firm offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.11, from 1.03 in 2016Q1. The ratio turned negative, as 38 funds sold all Acuity Brands, Inc. shares owned while 162 reduced positions. 79 funds bought stakes while 127 increased positions. They now own 39.63 million shares or 8.26% less from 43.20 million shares in 2016Q1.
Blackrock Fund Advsr has invested 0.04% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Kalmar De holds 0.87% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 79,665 shares. Vollero Beach Cap Partners Limited Co holds 0.75% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 13,251 shares. Gam Ag owns 4,068 shares or 0.02% of their US portfolio. Gemmer Asset Management Limited has 0% invested in the company for 23 shares. Wilbanks Smith Thomas Asset Limited Liability Corporation holds 6,257 shares or 0.16% of its portfolio. Moreover, Washington National Bank has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 20 shares. Driehaus Cap Management Limited Liability Corporation holds 3,227 shares or 0.03% of its portfolio. Cibc Mkts Inc last reported 0% of its portfolio in the stock. Oakbrook Invests Limited Liability Company has 0.04% invested in the company for 2,575 shares. Bridgeway Capital Mngmt Inc last reported 32,900 shares in the company. Pioneer Investment Management last reported 42,447 shares in the company. Forte Cap Adv holds 0.52% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 5,465 shares. Ladenburg Thalmann Fincl holds 1,126 shares or 0% of its portfolio. Farmers & Merchants Invests has 5 shares for 0% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 5 sales for $30.79 million net activity. 786 Acuity Brands, Inc. (NYSE:AYI) shares with value of $195,360 were sold by ROBINSON RAY M. Black Mark A had sold 14,306 shares worth $3.48 million on Wednesday, November 9. NAGEL VERNON J also sold $17.46M worth of Acuity Brands, Inc. (NYSE:AYI) shares. $9.00M worth of Acuity Brands, Inc. (NYSE:AYI) was sold by REECE RICHARD K.

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

Out of 13 analysts covering Acuity Brands Inc. (NYSE:AYI), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Acuity Brands Inc. has been the topic of 21 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 6 by Canaccord Genuity. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Seaport Global on Friday, November 4. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Neutral” rating by Roth Capital on Thursday, August 25. The firm has “Outperform” rating given on Friday, February 12 by Oppenheimer. Williams Capital Group initiated the shares of AYI in a report on Friday, September 30 with “Buy” rating. The stock has “Outperform” rating given by Oppenheimer on Tuesday, December 1. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Buy” rating given on Thursday, February 25 by Credit Agricole. The rating was downgraded by CLSA to “Outperform” on Thursday, April 7. As per Monday, November 30, the company rating was maintained by Canaccord Genuity. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Outperform” rating by Wells Fargo on Monday, October 31.

AYI Company Profile

Acuity Brands, Inc., incorporated on September 20, 2007, is a well-known provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Firm operates through North American segment. The Company’s lighting and building management solutions vary from individual devices to intelligent network systems. The Company’s individual devices include luminaires, lighting controls, lighting components, controllers for various building systems (including heating, ventilation and air conditioning (HVAC), lighting, shades and access control), power supplies and prismatic skylights. The Company’s lighting and building management solutions are marketed under various brand names, including Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, AccuLite, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Carandini, Antique Street Lamps, Sunoptics, RELOC Wiring Solutions, eldoLED, Distech Controls and Acuity Controls. As of August 31, 2016, the Company makes products in 17 facilities in North America and three facilities in Europe.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Wsj.com which released: “Acuity Brands Growth Less Than Expected” on October 05, 2016, also Forbes.com with their article: “Acuity Brands Becomes Oversold (AYI)” published on October 27, 2016, Globenewswire.com published: “Acuity Brands, Inc. Receives Eight 2016 Product Innovation Awards” on November 16, 2016. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Forbes.com and their article: “RSI Alert: Acuity Brands (AYI) Now Oversold” published on October 05, 2016 as well as Fool.com‘s news article titled: “Why Baker Hughes, LGI Homes, and Acuity Brands Jumped Today” with publication date: April 06, 2016.

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By Adrian Mccoy


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