Russell Investments Group Ltd. Buys 92,879 Shares of Orion Energy Systems, Inc. (NASDAQ:OESX)

Russell Investments Group Ltd. raised its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 166.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 148,794 shares of the electronics maker’s stock after acquiring an additional 92,879 shares during the quarter. Russell Investments Group Ltd.’s holdings in Orion Energy Systems were worth $851,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Caxton Associates LP bought a new position in shares of Orion Energy Systems during the 1st quarter worth about $87,000. Paloma Partners Management Co acquired a new stake in shares of Orion Energy Systems during the 1st quarter valued at about $91,000. Royal Bank of Canada boosted its position in shares of Orion Energy Systems by 17.0% during the 1st quarter. Royal Bank of Canada now owns 13,241 shares of the electronics maker’s stock valued at $92,000 after acquiring an additional 1,927 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Orion Energy Systems during the 2nd quarter valued at about $80,000. Finally, PDT Partners LLC acquired a new stake in shares of Orion Energy Systems during the 1st quarter valued at about $100,000. Institutional investors own 61.06% of the company’s stock.

Several analysts have recently weighed in on OESX shares. B. Riley decreased their target price on shares of Orion Energy Systems from $10.50 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, August 5th. Roth Capital decreased their target price on shares of Orion Energy Systems from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 4th. HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a research report on Wednesday, June 2nd. Finally, Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 11th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $8.50.

NASDAQ:OESX opened at $3.96 on Wednesday. The firm has a market cap of $122.76 million, a PE ratio of 4.00 and a beta of 2.39. Orion Energy Systems, Inc. has a 12 month low of $3.65 and a 12 month high of $11.98. The company’s 50-day moving average price is $4.60 and its two-hundred day moving average price is $5.73.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, August 4th. The electronics maker reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $35.10 million for the quarter, compared to analyst estimates of $37.53 million. Orion Energy Systems had a net margin of 21.87% and a return on equity of 21.48%. Analysts expect that Orion Energy Systems, Inc. will post 0.34 earnings per share for the current fiscal year.

Orion Energy Systems Profile

Orion Energy Systems, Inc engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: U.S. Markets (USM); Orion Engineered Systems (OES), and Orion Distribution Services (ODS). The U.S. Markets segment produces, and sells commercial lighting, and energy management systems to the wholesale contractors.

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

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