Segantii Capital Management Ltd Exits Position in Energy Focus Inc (EFOI)

Energy Focus Inc (EFOI) : Segantii Capital Management Ltd has sold out all of its stake in Energy Focus Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 3,400 shares of Energy Focus Inc which is valued at $15,844.

Other Hedge Funds, Including , Millennium Management sold out all of its stake in EFOI during the most recent quarter. The investment firm sold 10,537 shares of EFOI which is valued $49,102. Ci Global Investments sold out all of its stake in EFOI during the most recent quarter. The investment firm sold 300 shares of EFOI which is valued $1,803.State Treasurer State Of Michigan reduced its stake in EFOI by selling 43,717 shares or 7.92% in the most recent quarter. The Hedge Fund company now holds 508,283 shares of EFOI which is valued at $2,942,959. Energy Focus Inc makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Wealthtrust Axiom boosted its stake in EFOI in the latest quarter, The investment management firm added 106,606 additional shares and now holds a total of 257,706 shares of Energy Focus Inc which is valued at $1,505,003. Energy Focus Inc makes up approx 0.57% of Wealthtrust Axiom’s portfolio.

Energy Focus Inc closed down -0.03 points or -0.77% at $3.87 with 1,31,644 shares getting traded on Thursday. Post opening the session at $3.9, the shares hit an intraday low of $3.83 and an intraday high of $3.98 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Energy Focus Inc reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $-0.09. The company had revenue of $7.10 million for the quarter, compared to analysts expectations of $11.07 million. The company’s revenue was down -56.2 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Energy Focus Inc. Shares were Downgraded by FBR Capital on Aug 15, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 5 from a previous price target of $10 .

Energy Focus Inc. and its subsidiaries designs develops manufactures and markets energy-efficient light emitting diode (LED) lighting products and is a provider of turnkey energy-efficient lighting retrofit solutions in the governmental and public sector market and general commercial market. The Company operates in two segments: Products providing military general commercial and industrial energy-efficient LED lighting offerings; and Solutions providing turnkey high-quality energy-efficient LED lighting application alternatives primarily to the existing public-sector building market. The Company’s services include comprehensive lighting and energy audits lighting design and solution development turnkey lighting implementation Leadership in Energy & Environmental Design (LEED) ready lighting upgrades and pre and post upgrade monitoring and measurement.

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