Acuity Brands, Inc.’s Trend Down, Especially After This Options Activity

 Acuity Brands, Inc.'s Trend Down, Especially After This Options Activity

In today’s session Acuity Brands, Inc. (AYI) recorded an unusually high (1,555) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious AYI decrease. With 1,555 contracts traded and 2024 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: AYI161021P00250000 closed last at: $8.5 or 93.2% up. About 231,989 shares traded hands. Acuity Brands, Inc. (NYSE:AYI) has risen 9.39% since March 3, 2016 and is uptrending. It has outperformed by 1.05% the S&P500.

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

Out of 10 analysts covering Acuity Brands Inc. (NYSE:AYI), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $306 is the highest target while $233 is the lowest. The $277.63 average target is 15.35% above today’s ($240.68) stock price. Acuity Brands Inc. has been the topic of 17 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, January 11 by Canaccord Genuity. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Neutral” rating given on Thursday, August 25 by TH Capital. As per Monday, November 23, the company rating was maintained by Piper Jaffray. Canaccord Genuity maintained it with “Buy” rating and $268 target price in Monday, November 30 report. CLSA downgraded Acuity Brands, Inc. (NYSE:AYI) on Thursday, April 7 to “Outperform” rating. The rating was maintained by Oppenheimer on Friday, February 12 with “Outperform”. Canaccord Genuity initiated Acuity Brands, Inc. (NYSE:AYI) rating on Friday, September 23. Canaccord Genuity has “Buy” rating and $305 price target. Oppenheimer maintained Acuity Brands, Inc. (NYSE:AYI) on Thursday, April 7 with “Outperform” rating. The firm earned “Buy” rating on Friday, September 30 by Williams Capital Group. The firm has “Overweight” rating given on Saturday, August 22 by Piper Jaffray.

According to Zacks Investment Research, “Acuity Brands, Inc. is comprised of the Acuity Lighting Group and Acuity Specialty Products. The Acuity Lighting Group is the world’s largest lighting fixture manufacturer and includes brands such as Lithonia Lighting, Holophane, Peerless, and Hydrel. Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep, Enforcer, and Selig.”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.04, from 0.99 in 2016Q1. The ratio improved, 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.
First Foundation Advsr has 1,980 shares for 0.04% of their US portfolio. Schwab Charles Investment Mngmt Inc accumulated 173,599 shares or 0.05% of the stock. First Personal Fincl Ser holds 0.38% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 4,472 shares. Diam Communications Limited accumulated 6,507 shares or 0.02% of the stock. Ironbridge Mgmt L P last reported 0.95% of its portfolio in the stock. Moreover, Regions Fincl Corporation has 0.01% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,605 shares. The New Jersey-based Financial Architects has invested 0.02% in Acuity Brands, Inc. (NYSE:AYI). Art Limited Liability last reported 0.1% of its portfolio in the stock. Geneva Limited Liability Company has 161,156 shares for 0.79% of their US portfolio. The New York-based D E Shaw Company Inc has invested 0% in Acuity Brands, Inc. (NYSE:AYI). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 14,795 shares or 0.05% of the stock. Twin Tree Management Lp has 6,348 shares for 0.02% of their US portfolio. The Louisiana-based Louisiana State Employees Retirement System has invested 0.04% in Acuity Brands, Inc. (NYSE:AYI). Segall Bryant And Hamill Limited Company accumulated 0.01% or 1,362 shares. Profund Limited holds 1,389 shares or 0.02% of its portfolio.

Insider Transactions: Since April 11, 2016, the stock had 0 insider buys, and 8 insider sales for $42.73 million net activity. Another trade for 2,678 shares valued at $664,572 was sold by Black Mark A. The insider REECE RICHARD K sold $9.00M. 47,995 shares were sold by NAGEL VERNON J, worth $12.30M. $161,055 worth of Acuity Brands, Inc. (NYSE:AYI) was sold by BROWNING PETER C on Thursday, April 14. 786 Acuity Brands, Inc. (NYSE:AYI) shares with value of $195,360 were sold by ROBINSON RAY M.

Acuity Brands, Inc. , is the parent firm of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. The company has a market cap of $10.07 billion. Acuity Brands is a well-known provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. It has a 39.28 P/E ratio. The Company’s lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions).

AYI Company Profile

Acuity Brands, Inc. (Acuity Brands), incorporated on September 20, 2007, is the parent firm of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a well-known provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Company’s lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.

More important 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 Benzinga.com published article titled: “Keep an Eye on These 7 Stocks for October 5, 2016”, Nasdaq.com published: “Earnings Reaction History: Acuity Brands Inc., 70.0% Follow-Through Indicator …” on June 29, 2016. More interesting news about Acuity Brands, Inc. (NYSE:AYI) was released by: Nasdaq.com and their article: “Acuity Brands, Inc. Announces Acquisition of DGLogik” with publication date: July 07, 2016.

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