LightPath Technologies, Inc. (LPTH) At $2.12 Forms Bottom; Hbk Investments LP Upped Cummins (CMI) Stake

April 17, 2018 - By Danny Collins

LightPath Technologies, Inc. (NASDAQ:LPTH) Logo

Hbk Investments LP increased Cummins Inc (CMI) stake by 565.51% reported in 2017Q4 SEC filing. Hbk Investments LP acquired 49,199 shares as Cummins Inc (CMI)’s stock declined 9.68%. The Hbk Investments LP holds 57,899 shares with $10.23M value, up from 8,700 last quarter. Cummins Inc now has $27.43 billion valuation. The stock increased 2.64% or $4.28 during the last trading session, reaching $166.67. About 1.77M shares traded or 3.65% up from the average. Cummins Inc. (NYSE:CMI) has risen 6.07% since April 17, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

LightPath Technologies, Inc. (LPTH) formed multiple bottom with $1.97 target or 7.00% below today’s $2.12 share price. LightPath Technologies, Inc. (LPTH) has $54.54M valuation. The stock decreased 4.07% or $0.09 during the last trading session, reaching $2.12. About 135,356 shares traded. LightPath Technologies, Inc. (NASDAQ:LPTH) has declined 5.63% since April 17, 2017 and is downtrending. It has underperformed by 17.18% the S&P500.

Analysts await LightPath Technologies, Inc. (NASDAQ:LPTH) to report earnings on May, 3. They expect $0.02 EPS, down 33.33% or $0.01 from last year’s $0.03 per share. LPTH’s profit will be $514,557 for 26.50 P/E if the $0.02 EPS becomes a reality.

Investors sentiment decreased to 1.64 in Q4 2017. Its down 1.36, from 3 in 2017Q3. It turned negative, as 7 investors sold LightPath Technologies, Inc. shares while 4 reduced holdings. 10 funds opened positions while 8 raised stakes. 6.98 million shares or 9.69% less from 7.73 million shares in 2017Q3 were reported. Ontario – Canada-based Bancshares Of Montreal Can has invested 0% in LightPath Technologies, Inc. (NASDAQ:LPTH). Manatuck Hill Prtn Ltd Llc reported 998,500 shares or 1.16% of all its holdings. Geode Capital Ltd Llc accumulated 88,989 shares. Price T Rowe Associates Md holds 0% or 54,400 shares in its portfolio. Jane Street reported 11,922 shares. Moreover, Blackrock Incorporated has 0% invested in LightPath Technologies, Inc. (NASDAQ:LPTH) for 294,708 shares. Royal Natl Bank Of Canada owns 3,307 shares. Vertex One Asset Management Inc holds 0.17% or 457,266 shares in its portfolio. Montana-based First Interstate Bancorp has invested 0.01% in LightPath Technologies, Inc. (NASDAQ:LPTH). Vanguard Grp Inc Inc reported 792,671 shares. Penbrook Mngmt Ltd Llc holds 0.14% or 71,800 shares. Citigroup Incorporated reported 0% in LightPath Technologies, Inc. (NASDAQ:LPTH). Virtu Finance Limited Liability Com, New York-based fund reported 82,052 shares. Northern Trust reported 0% of its portfolio in LightPath Technologies, Inc. (NASDAQ:LPTH). Dimensional Fund Advsrs Lp has 0% invested in LightPath Technologies, Inc. (NASDAQ:LPTH).

Among 4 analysts covering LightPath Technologies (NASDAQ:LPTH), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. LightPath Technologies has $3.2500 highest and $2.50 lowest target. $2.64’s average target is 24.53% above currents $2.12 stock price. LightPath Technologies had 8 analyst reports since August 4, 2015 according to SRatingsIntel. Roth Capital maintained it with “Buy” rating and $3.2500 target in Sunday, August 13 report. Roth Capital maintained the shares of LPTH in report on Wednesday, February 14 with “Buy” rating. TH Capital initiated the shares of LPTH in report on Thursday, December 22 with “Buy” rating. FBR Capital maintained it with “Buy” rating and $2.7500 target in Wednesday, April 4 report. The firm has “Buy” rating by Zacks given on Tuesday, August 4. The firm earned “Buy” rating on Tuesday, January 10 by Dougherty & Company. The firm has “Buy” rating by Roth Capital given on Monday, November 13. The rating was initiated by Roth Capital on Thursday, December 22 with “Buy”.

Hbk Investments LP decreased Rh stake by 115,873 shares to 58,800 valued at $5.07M in 2017Q4. It also reduced Express Inc (NYSE:EXPR) stake by 631,500 shares and now owns 267,400 shares. Sabra Health Care Reit Inc (NASDAQ:SBRA) was reduced too.

LightPath Technologies, Inc. (NASDAQ:LPTH) Institutional Positions Chart