A number of other hedge funds have also recently added to or reduced their stakes in AYI.

Source: https://www.etfdailynews.com/2023/04/26/acuity-brands-inc-nyseayi-shares-purchased-by-sg-americas-securities-llc/

Several other hedge funds and other institutional investors have also bought and sold shares of AYI.

Source: https://www.americanbankingnews.com/2023/02/26/aviva-plc-cuts-holdings-in-acuity-brands-inc-nyseayi.html

Several other hedge funds have also recently modified their holdings of AYI.

Source: https://www.etfdailynews.com/2023/01/24/acuity-brands-inc-nyseayi-shares-purchased-by-janney-montgomery-scott-llc/

Should One Invest In AYI?

Source: https://seekingalpha.com/article/4595719-acuity-brands-not-compelling-enough-to-buy?source=feed_all_articles

So even though they posted decent quarterly results and the management has provided optimistic revenue guidance, I believe it is not enough to invest in AYI.

Source: https://seekingalpha.com/article/4595719-acuity-brands-not-compelling-enough-to-buy?source=feed_all_articles