Geode Capital Management LLC Grows Stake in Orion Energy Systems, Inc. (NASDAQ:OESX)

Geode Capital Management LLC grew its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 9.0% in the third quarter, Holdings Channel reports. The firm owned 312,127 shares of the electronics maker’s stock after purchasing an additional 25,816 shares during the period. Geode Capital Management LLC’s holdings in Orion Energy Systems were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OESX. Tieton Capital Management LLC grew its position in shares of Orion Energy Systems by 2.5% during the 2nd quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock valued at $2,427,000 after purchasing an additional 53,789 shares in the last quarter. Grace & White Inc. NY grew its position in shares of Orion Energy Systems by 1.3% during the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after purchasing an additional 33,451 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares in the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Orion Energy Systems Stock Down 3.1 %

Shares of NASDAQ:OESX opened at $0.82 on Tuesday. Orion Energy Systems, Inc. has a 52-week low of $0.68 and a 52-week high of $1.53. The firm has a fifty day moving average of $0.85 and a 200 day moving average of $0.91. The firm has a market capitalization of $26.84 million, a PE ratio of -3.26 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.49.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. The company had revenue of $19.36 million during the quarter, compared to analysts’ expectations of $19.40 million. During the same quarter last year, the firm posted ($0.14) earnings per share. As a group, research analysts anticipate that Orion Energy Systems, Inc. will post -0.3 EPS for the current fiscal year.

Orion Energy Systems Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).