Relyea Zuckerberg Hanson LLC Sells 120,000 Shares of LightPath Technologies, Inc. (NASDAQ:LPTH)

Relyea Zuckerberg Hanson LLC trimmed its position in LightPath Technologies, Inc. (NASDAQ:LPTH) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 997,405 shares of the technology company’s stock after selling 120,000 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in LightPath Technologies were worth $3,521,000 as of its most recent SEC filing.

Separately, Murphy Pohlad Asset Management LLC raised its stake in shares of LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after purchasing an additional 12,600 shares during the period. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Performance

NASDAQ:LPTH traded up $0.26 on Friday, reaching $3.32. 46,649 shares of the company’s stock were exchanged, compared to its average volume of 553,741. The stock has a fifty day simple moving average of $2.44 and a 200-day simple moving average of $1.75. LightPath Technologies, Inc. has a 52 week low of $1.04 and a 52 week high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The firm has a market cap of $131.51 million, a price-to-earnings ratio of -15.07 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LPTH shares. HC Wainwright increased their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. LADENBURG THALM/SH SH raised their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. StockNews.com cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.