Connors Investor Services Inc. held its position in Orion Energy Systems, Inc. (NASDAQ:OESX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,834 shares of the electronics maker’s stock at the close of the second quarter. Connors Investor Services Inc. owned approximately 0.61% of Orion Energy Systems worth $221,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. IFC Holdings Incorporated FL acquired a new position in shares of Orion Energy Systems during the 2nd quarter worth $128,000. Prudential Financial Inc. raised its holdings in shares of Orion Energy Systems by 11.1% during the 2nd quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after buying an additional 10,300 shares in the last quarter. New York State Common Retirement Fund grew its position in Orion Energy Systems by 11.3% during the 2nd quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after acquiring an additional 57,799 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Orion Energy Systems by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Orion Energy Systems by 7.2% during the 1st quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after acquiring an additional 54,000 shares during the last quarter. 44.73% of the stock is owned by institutional investors.

Shares of Orion Energy Systems, Inc. (OESX) opened at 1.16 on Friday. The company’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.38. Orion Energy Systems, Inc. has a 12 month low of $0.85 and a 12 month high of $2.57. The company’s market cap is $33.37 million.

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

A number of equities research analysts recently weighed in on the company. HC Wainwright set a $2.00 price objective on Orion Energy Systems and gave the stock a “buy” rating in a research report on Saturday, June 10th. Roth Capital set a $1.00 price objective on Orion Energy Systems and gave the stock a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine lowered Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.08.

In other Orion Energy Systems news, insider John H. Scribante sold 40,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $1.29, for a total transaction of $51,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John H. Scribante sold 75,148 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $1.18, for a total value of $88,674.64. The disclosure for this sale can be found here. Insiders have sold 468,194 shares of company stock worth $548,470 in the last 90 days. Company insiders own 9.20% of the company’s stock.

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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.

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

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