Sei Investments Co. boosted its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX - Free Report) by 114.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 130,101 shares of the electronics maker's stock after acquiring an additional 69,387 shares during the period. Sei Investments Co. owned 3.21% of Orion Energy Systems worth $1,137,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in OESX. Quadrature Capital Ltd acquired a new position in shares of Orion Energy Systems in the 4th quarter valued at $202,000. NewEdge Advisors LLC acquired a new stake in shares of Orion Energy Systems during the fourth quarter worth $232,000. Marshall Wace LLP acquired a new stake in shares of Orion Energy Systems during the fourth quarter worth $706,000. Grace & White Inc. NY increased its holdings in Orion Energy Systems by 9.2% in the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker's stock valued at $2,110,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Tieton Capital Management LLC increased its holdings in Orion Energy Systems by 0.6% in the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker's stock valued at $3,940,000 after purchasing an additional 1,580 shares during the last quarter. Institutional investors own 52.59% of the company's stock.
Orion Energy Systems Price Performance
Shares of NASDAQ OESX opened at $20.59 on Thursday. The company has a fifty day moving average price of $11.29 and a 200 day moving average price of $10.98. The firm has a market cap of $84.21 million, a PE ratio of -411.80 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. Orion Energy Systems, Inc. has a 1-year low of $5.60 and a 1-year high of $20.80.
Orion Energy Systems (NASDAQ:OESX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.40. The company had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%. Research analysts predict that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
OESX has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Orion Energy Systems from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of Orion Energy Systems from a "strong sell" rating to a "strong-buy" rating in a research report on Monday. Wall Street Zen raised shares of Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, HC Wainwright restated a "buy" rating and set a $30.00 price objective on shares of Orion Energy Systems in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.
Check Out Our Latest Report on Orion Energy Systems
Orion Energy Systems Profile
(
Free Report)
Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.
The company's product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.
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