Citadel Advisors LLC Takes Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

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Citadel Advisors LLC purchased a new stake in Orion Energy Systems, Inc. (NASDAQ:OESX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,722 shares of the electronics maker’s stock, valued at approximately $32,000.

Other hedge funds have also recently made changes to their positions in the company. Bailard Inc. purchased a new position in shares of Orion Energy Systems in the second quarter valued at $91,000. Acadian Asset Management LLC purchased a new position in shares of Orion Energy Systems in the second quarter valued at $217,000. Morgan Stanley increased its position in shares of Orion Energy Systems by 16,471.6% in the second quarter. Morgan Stanley now owns 82,858 shares of the electronics maker’s stock valued at $246,000 after buying an additional 82,358 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Orion Energy Systems by 41.3% in the second quarter. Bank of New York Mellon Corp now owns 89,342 shares of the electronics maker’s stock valued at $265,000 after buying an additional 26,124 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new position in shares of Orion Energy Systems in the second quarter valued at $460,000. Institutional investors and hedge funds own 34.71% of the company’s stock.

A number of brokerages have recently weighed in on OESX. ValuEngine cut Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet upgraded Orion Energy Systems from a “d” rating to a “c” rating in a research report on Monday, August 5th. B. Riley began coverage on Orion Energy Systems in a research report on Wednesday, September 4th. They issued a “buy” rating and a $4.00 price target for the company. Finally, Zacks Investment Research upgraded Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $3.09.

Orion Energy Systems stock opened at $2.82 on Friday. The stock has a market cap of $84.64 million, a PE ratio of -12.26 and a beta of 2.11. The stock has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.38. Orion Energy Systems, Inc. has a 52 week low of $0.53 and a 52 week high of $3.49. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $42.38 million during the quarter, compared to analysts’ expectations of $26.90 million. Orion Energy Systems had a negative return on equity of 0.07% and a negative net margin of 0.01%. On average, equities analysts predict that Orion Energy Systems, Inc. will post 0.32 EPS for the current year.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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Institutional Ownership by Quarter for Orion Energy Systems (NASDAQ:OESX)

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