US Bancorp DE Has $35,000 Holdings in Orion Energy Systems, Inc. (NASDAQ:OESX)

US Bancorp DE lowered its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 73.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,030 shares of the electronics maker’s stock after selling 16,310 shares during the quarter. US Bancorp DE’s holdings in Orion Energy Systems were worth $35,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OESX. BDO Wealth Advisors LLC acquired a new stake in shares of Orion Energy Systems during the first quarter valued at approximately $3,889,000. North Star Investment Management Corp. increased its stake in Orion Energy Systems by 11.5% in the 2nd quarter. North Star Investment Management Corp. now owns 3,135,632 shares of the electronics maker’s stock valued at $17,967,000 after buying an additional 322,397 shares during the period. Victory Capital Management Inc. acquired a new position in Orion Energy Systems in the 1st quarter valued at approximately $2,230,000. Heartland Advisors Inc. increased its stake in Orion Energy Systems by 34.6% in the 1st quarter. Heartland Advisors Inc. now owns 1,227,800 shares of the electronics maker’s stock valued at $8,545,000 after buying an additional 315,600 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Orion Energy Systems by 96.7% in the 1st quarter. JPMorgan Chase & Co. now owns 570,088 shares of the electronics maker’s stock valued at $3,968,000 after buying an additional 280,204 shares during the period. Institutional investors and hedge funds own 61.06% of the company’s stock.

Shares of OESX opened at $3.96 on Wednesday. The company’s fifty day moving average is $4.60 and its 200-day moving average is $5.73. Orion Energy Systems, Inc. has a 12 month low of $3.65 and a 12 month high of $11.98. The firm has a market cap of $122.76 million, a price-to-earnings ratio of 4.00 and a beta of 2.39.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, August 4th. The electronics maker reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Orion Energy Systems had a net margin of 21.87% and a return on equity of 21.48%. The company had revenue of $35.10 million for the quarter, compared to analyst estimates of $37.53 million. Research analysts anticipate that Orion Energy Systems, Inc. will post 0.34 EPS for the current year.

Several research analysts have weighed in on the stock. B. Riley dropped their price objective on shares of Orion Energy Systems from $10.50 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, August 5th. Roth Capital dropped their price objective on shares of Orion Energy Systems from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 4th. Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 11th. Finally, HC Wainwright restated a “buy” rating on shares of Orion Energy Systems in a research note on Wednesday, June 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $8.50.

About Orion Energy Systems

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.

Further Reading: Earnings Reports

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

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