Sei Investments Co. Has $1.14 Million Stake in Orion Energy Systems, Inc. $OESX

Sei Investments Co. boosted its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 114.3% in the first quarter, Holdings Channel reports. The firm owned 130,101 shares of the electronics maker’s stock after purchasing an additional 69,387 shares during the quarter. Sei Investments Co.’s holdings in Orion Energy Systems were worth $1,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its stake in shares of Orion Energy Systems by 29.0% during the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after buying an additional 118,100 shares during the last quarter. Grace & White Inc. NY increased its position in shares of 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 acquiring an additional 20,400 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Orion Energy Systems in the fourth quarter valued at about $232,000. Quadrature Capital Ltd bought a new stake in Orion Energy Systems during the fourth quarter worth about $202,000. Finally, Marshall Wace LLP bought a new stake in Orion Energy Systems during the fourth quarter worth about $706,000. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $20.59 on Thursday. The stock has a 50 day simple moving average of $11.29 and a 200 day simple moving average of $10.98. The stock has a market cap of $84.21 million, a P/E ratio of -411.80 and a beta of 0.77. Orion Energy Systems, Inc. has a 1-year low of $5.60 and a 1-year high of $20.80. 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 (NASDAQ:OESX) last issued its quarterly earnings data 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 firm 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 anticipate that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on OESX shares. Zacks Research upgraded Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a research note on Monday. HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 6th. Wall Street Zen raised Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion Energy Systems has an average rating of “Moderate Buy” and an average target price of $30.00.

Orion Energy Systems Profile

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.