Orion Energy Systems, Inc. (NASDAQ:OESX) Shares Bought by US Bancorp DE

US Bancorp DE increased its stake in Orion Energy Systems, Inc. (NASDAQ:OESX – Get Rating) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,805 shares of the electronics maker’s stock after purchasing an additional 19,000 shares during the period. US Bancorp DE’s holdings in Orion Energy Systems were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in Orion Energy Systems during the 1st quarter worth approximately $39,000. State Street Corp raised its position in Orion Energy Systems by 35.1% during the 1st quarter. State Street Corp now owns 85,608 shares of the electronics maker’s stock worth $240,000 after buying an additional 22,258 shares during the last quarter. Connors Investor Services Inc. raised its position in Orion Energy Systems by 41.2% during the 1st quarter. Connors Investor Services Inc. now owns 85,639 shares of the electronics maker’s stock worth $240,000 after buying an additional 25,000 shares during the last quarter. Northern Trust Corp raised its position in Orion Energy Systems by 141.7% during the 1st quarter. Northern Trust Corp now owns 125,693 shares of the electronics maker’s stock worth $352,000 after buying an additional 73,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Orion Energy Systems by 108.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 257,496 shares of the electronics maker’s stock worth $721,000 after buying an additional 134,169 shares during the last quarter. 53.86% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $1.84 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.64 and a quick ratio of 2.27. The firm has a market cap of $58.85 million, a price-to-earnings ratio of -10.82 and a beta of 1.98. The company has a 50 day moving average price of $1.98 and a 200-day moving average price of $1.82. Orion Energy Systems, Inc. has a 1-year low of $1.41 and a 1-year high of $3.42.

Orion Energy Systems (NASDAQ:OESX – Get Rating) last posted its earnings results on Tuesday, November 8th. The electronics maker reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $17.56 million for the quarter, compared to analysts’ expectations of $19.10 million. Orion Energy Systems had a negative net margin of 5.94% and a negative return on equity of 8.02%. Equities research analysts forecast that Orion Energy Systems, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Orion Energy Systems in a research report on Tuesday, January 17th. They set a “hold” rating for the company.

Orion Energy Systems Profile

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Orion Energy Systems, Inc engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: Orion Services Group Division (OSG), Orion Distribution Services Division (ODS), Orion U.S. Markets Division (USM), and Corporate and Other.