Renaissance Technologies LLC Acquires 43,693 Shares of Orion Energy Systems, Inc. $OESX

Renaissance Technologies LLC boosted its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 32.4% during the first quarter, Holdings Channel.com reports. The firm owned 178,469 shares of the electronics maker’s stock after acquiring an additional 43,693 shares during the quarter. Renaissance Technologies LLC’s holdings in Orion Energy Systems were worth $1,560,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in OESX. Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems in the 4th quarter worth approximately $202,000. NewEdge Advisors LLC purchased a new stake in shares of Orion Energy Systems in the 4th quarter worth approximately $232,000. Marshall Wace LLP bought a new position in Orion Energy Systems during the 4th quarter valued at approximately $706,000. Sei Investments Co. increased its position in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after buying an additional 69,387 shares in the last quarter. Finally, Grace & White Inc. NY raised its stake in Orion Energy Systems by 9.2% during the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after buying an additional 20,400 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Orion Energy Systems Stock Performance

Shares of OESX opened at $20.59 on Thursday. The business’s fifty day simple moving average is $11.29 and its two-hundred day simple moving average is $10.98. 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, Inc. has a 12 month low of $5.60 and a 12 month high of $20.80. The company has a market cap of $84.21 million, a price-to-earnings ratio of -411.80 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.40. The firm had revenue of $25.74 million during the quarter, compared to analysts’ expectations 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 fiscal year.

Wall Street Analysts Forecast Growth

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

About Orion Energy Systems

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.