Kornitzer Capital Management Has Decreased Mgp Ingredients (MGPI) Position; Lsi Industries Has 1.42 Sentiment

January 12, 2018 - By Adrian Mccoy

Kornitzer Capital Management Inc decreased Mgp Ingredients Inc (MGPI) stake by 5.31% reported in 2017Q3 SEC filing. Kornitzer Capital Management Inc sold 10,200 shares as Mgp Ingredients Inc (MGPI)’s stock rose 22.02%. The Kornitzer Capital Management Inc holds 182,055 shares with $11.04M value, down from 192,255 last quarter. Mgp Ingredients Inc now has $1.28 billion valuation. The stock increased 0.34% or $0.26 during the last trading session, reaching $76.56. About 80,729 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since January 12, 2017 and is uptrending. It has outperformed by 85.82% the S&P500.

LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. The company has market cap of $183.90 million. It operates in three divisions: Lighting, Graphics, and Technology. It currently has negative earnings. The Lighting segment makes and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on March, 14. They expect $0.49 EPS, up 2.08% or $0.01 from last year’s $0.48 per share. MGPI’s profit will be $8.19 million for 39.06 P/E if the $0.49 EPS becomes a reality. After $0.38 actual EPS reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 28.95% EPS growth.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.39, from 0.93 in 2017Q2. It improved, as 8 investors sold MGPI shares while 33 reduced holdings. 17 funds opened positions while 37 raised stakes. 16.40 million shares or 1.83% more from 16.10 million shares in 2017Q2 were reported. Invesco Ltd stated it has 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). 199,656 are owned by Granite Investment Prns Lc. Virginia Retirement Et Al stated it has 0.01% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Ny State Common Retirement Fund owns 29,634 shares. Next Gru Inc has invested 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Metropolitan Life Insurance invested 0.01% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Ameriprise holds 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI) for 106,831 shares. Ameritas Invest Ptnrs stated it has 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Brown Advisory holds 0% in MGP Ingredients, Inc. (NASDAQ:MGPI) or 6,393 shares. Neuberger Berman Gru Ltd Liability Corp has invested 0.09% in MGP Ingredients, Inc. (NASDAQ:MGPI). Citigroup stated it has 300 shares. owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 8,656 shares. Barclays Public Ltd Company accumulated 7,897 shares. The Colorado-based Denver Investment Ltd Company has invested 0.04% in MGP Ingredients, Inc. (NASDAQ:MGPI). Alps Advisors holds 8,059 shares.

Among 3 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MGP Ingredients had 3 analyst reports since May 25, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, May 25 by Craig Hallum. On Wednesday, February 1 the stock rating was initiated by Sidoti with “Buy”.

Since August 17, 2017, it had 0 insider purchases, and 4 insider sales for $2.27 million activity. Seaberg Karen sold 5,305 shares worth $339,658.

Kornitzer Capital Management Inc increased Fidelity Nat Info (NYSE:FIS) stake by 23,940 shares to 296,240 valued at $27.67 million in 2017Q3. It also upped Pandora Media Inc. (NYSE:P) stake by 170,728 shares and now owns 1.93 million shares. F5 Networks Inc (NASDAQ:FFIV) was raised too.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $34,400 activity.

Analysts await LSI Industries Inc. (NASDAQ:LYTS) to report earnings on January, 25. They expect $0.07 EPS, down 30.00% or $0.03 from last year’s $0.1 per share. LYTS’s profit will be $1.81M for 25.46 P/E if the $0.07 EPS becomes a reality. After $0.07 actual EPS reported by LSI Industries Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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