Bank of New York Mellon Corp reduced its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 66,051 shares of the electronics maker’s stock after selling 622 shares during the period. Bank of New York Mellon Corp’s holdings in Orion Energy Systems were worth $131,000 at the end of the most recent quarter.

Separately, North Star Investment Management Corp. increased its stake in Orion Energy Systems by 17.9% in the first quarter. North Star Investment Management Corp. now owns 2,645,964 shares of the electronics maker’s stock worth $5,239,000 after buying an additional 400,959 shares during the last quarter. Hedge funds and other institutional investors own 42.06% of the company’s stock.

Orion Energy Systems, Inc. (NASDAQ OESX) traded up 1.05% during midday trading on Friday, hitting $0.96. 36,986 shares of the stock were exchanged. The firm’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.56. The firm’s market capitalization is $27.61 million. Orion Energy Systems, Inc. has a 1-year low of $0.92 and a 1-year high of $2.57.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. The business had revenue of $12.56 million during the quarter, compared to the consensus estimate of $15.94 million. Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. Analysts expect that Orion Energy Systems, Inc. will post ($0.38) earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on the stock. Craig Hallum downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Zacks Investment Research downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a research report on Sunday, May 28th. Finally, Roth Capital set a $1.00 price target on shares of Orion Energy Systems and gave the company a “hold” rating in a research report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.08.

In related news, insider John H. Scribante sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $0.99, for a total value of $39,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John H. Scribante sold 137,218 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $1.27, for a total transaction of $174,266.86. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 23,000 shares of company stock valued at $31,140 and sold 548,996 shares valued at $655,129. 9.20% of the stock is currently owned by company insiders.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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

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